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LEASES | 3 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
LEASES | Leases The components of lease expense were as follows (in thousands):
| Three Months Ended June 30, |  |
| 2025 |  | 2024 |  |  |  |
Operating lease expense | $ | 2,854 |  |  | $ | 3,165 |  |  |  |  |
Variable lease expense | $ | 950 |  |  | $ | 1,081 |  |  |  |  |
The supplemental cash flow information related to leases was as follows (in thousands):
| Three Months Ended June 30, |  |
| 2025 |  | 2024 |  |  |  |
Cash outflows from operating leases | $ | 3,502 |  |  | $ | 3,742 |  |  |  |  |
Right-of-use assets obtained in exchange for operating lease obligations | $ | — |  |  | $ | 1,954 |  |  |  |  |
Short-term lease expense was immaterial during the three months ended June 30, 2025 and 2024, respectively. The following table presents supplemental lease information:
| June 30, 2025 |  | March 31, 2025
Weighted average remaining lease term | 5.2 years |  | 5.4 years
Weighted average discount rate | 4.7% |  | 4.7%
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of June 30, 2025 (in thousands):
Remainder of fiscal year 2026 | $ | 10,221 |
2027 | 12,328 |
2028 | 11,576 |
2029 | 11,436 |
2030 | 11,428 |
Thereafter | 7,951 |
Total lease payments | 64,940 |
Less: imputed interest | (6,927) |
Present value of lease liabilities | $ | 58,013 |
The Company continues to evaluate its leases for potential impairments, noting no further impairments during the three months ended June 30, 2025.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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