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LEASES (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Mar. 31, 2024
Leases [Abstract] |  |
Supplemental balance sheet | Supplemental balance sheet information related to leases is as follows (in thousands):
Operating Leases |  | September 30, 2024 |  | March 31, 2024 |  |
Operating lease right-of-use asset |  | $ | 9,164 |  |  | $ | 9,425 |  |  |
Operating lease liability with other accrued liabilities |  | 1,375 |  |  | 1,256 |  |  |
Operating lease liability, net |  | 9,366 |  |  | 9,621 |  |  |
Total operating lease liabilities |  | $ | 10,741 |  |  | $ | 10,877 |  |  |
| Supplemental balance sheet information related to leases is as follows (in thousands):
|  | Year Ended March 31, |  |
Operating leases |  | 2024 |  | 2023 |  | 2022 |  |
Operating lease right-of-use assets |  | $ | 9,425 |  |  | $ | 10,291 |  |  | $ | 11,107 |  |  |
Other current liabilities |  | $ | 1,256 |  |  | $ | 1,364 |  |  | $ | 1,727 |  |  |
Operating lease liability |  | 9,621 |  |  | 10,169 |  |  | 9,891 |  |  |
Total operating lease liabilities |  | $ | 10,877 |  |  | $ | 11,533 |  |  | $ | 11,618 |  |  |
Components of lease cost | Components of lease cost were as follows (in thousands):
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
Lease Cost |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost |  | $ | 779 |  |  | $ | 731 |  |  | $ | 1,491 |  |  | $ | 1,606 |
Variable lease cost |  | 82 |  |  | 60 |  |  | 152 |  |  | 182 |
Total lease cost |  | $ | 861 |  |  | $ | 791 |  |  | $ | 1,643 |  |  | $ | 1,788 |
Lease Term and Discount Rate |  | September 30, 2024 |  | March 31, 2024
Weighted average remaining operating lease term (years) |  | 10.15 |  | 10.53
Weighted average discount rate for operating leases |  | 12.6 | % |  | 12.6 | %
| The components of lease expense were as follows (in thousands):
|  | Year Ended March 31,
Lease expense |  | 2024 |  | 2023 |  | 2022
Operating lease expense |  | $ | 3,007 |  |  | $ | 4,276 |  |  | $ | 3,727 |
Variable lease expense |  | 291 |  |  | 753 |  |  | 643 |
Short-term lease expense |  | — |  |  | — |  |  | 15 |
Total lease expense |  | $ | 3,298 |  |  | $ | 5,029 |  |  | $ | 4,385 |
Lease Term and Discount Rate |  | March 31,
|  | 2024 |  | 2023 |  | 2022
Weighted average remaining operating lease term (years) |  | 10.53 |  | 10.85 |  | 10.88
Weighted average discount rate for operating leases |  | 12.64 | % |  | 12.66 | % |  | 12.9 | %
Maturity of operating lease liability |
Maturity of Lease Liabilities |  | Operating Leases
Remainder of fiscal year 2025 |  | $ | 1,389 |
2026 |  | 2,317 |
2027 |  | 1,797 |
2028 |  | 1,568 |
2029 |  | 1,220 |
Thereafter |  | 12,089 |
Total lease payments |  | $ | 20,380 |
Less: imputed interest |  | (9,639) |
Present value of lease liabilities |  | $ | 10,741 |
Maturity of Lease Liabilities |  | Operating Leases
2024 |  | $ | 2,538 |
2025 |  | 2,062 |
2026 |  | 1,714 |
2027 |  | 1,523 |
2028 |  | 1,207 |
Thereafter |  | 12,083 |
Total lease payments |  | $ | 21,127 |
Less: Imputed interest |  | (10,250) |
Present value of lease liabilities |  | $ | 10,877 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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