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LEASES | 12 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
LEASES | LEASES The components of lease expense were as follows:
|  |  |  | For the years ended March 31,
|  |  |  | 2023 |  | 2022 | 2021
Operating lease expense |  |  |  | $ | 12,030 |  |  | $ | 13,482 |  | $ | 15,210 |
Variable lease expense |  |  |  | $ | 6,378 |  |  | $ | 3,837 |  | $ | 2,462 |
Cash outflows from operating leases |  |  |  | $ | 18,985 |  |  | $ | 17,310 |  | $ | 9,878 |
Short-term lease expense was immaterial during the years ended March 31, 2023 and 2022. The Company continues to evaluate its lease for potential impairments. During fiscal 2023, certain leases were impaired. As a result, $2.7 million of right of use assets were written off. The following table presents supplemental lease information:
|  | March 31, 2023 |  | March 31, 2022
Weighted average remaining lease term |  | 7.0 years |  | 7.4 years
Weighted average discount rate |  | 4.1% |  | 4.0%
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of March 31, 2023:
2024 |  | $ | 14,277 |
2025 |  | 13,126 |
2026 |  | 12,026 |
2027 |  | 10,712 |
2028 |  | 10,002 |
Thereafter |  | 28,659 |
Total lease payments |  | 88,802 |
Less: imputed interest |  | (11,675) |
Present value of lease liabilities |  | $ | 77,127 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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