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Leases | 12 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Leases | Leases The Company is a lessee in various non cancellable operating leases, primarily real estate facilities for office space. As of March 31, 2024, t he Company's lease arrangements are comprised of operating leases with various expiration dates through December 31, 2033. The lease term for all of the Company’s leases includes the noncancellable period of the lease. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the Company's determination of the duration of the lease arrangement. The Company's leases do not contain any material residual value guarantees. The total operating lease costs including short-term lease costs were $19.5 million, $21.2 million and $17.3 million for the years ended March 31, 2024, 2023, and 2022, respectively. Total variable lease costs were not material during the years ended March 31, 2024, 2023 and 2022. The total operating and variable lease costs were included in cost of goods sold, marketing and selling, research and development, and general and administrative in the Company's consolidated statements of operations. Supplemental cash flow information related to operating leases (in thousands):
|  | Years Ended March 31,
|  | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 13,489 |  |  | $ | 16,565 |  |  | $ | 15,400 |
ROU assets obtained in the exchange for operating lease liabilities |  | $ | 8,593 |  |  | $ | 43,093 |  |  | $ | 22,174 |
Future lease payments included in the measurement of operating lease liabilities as of March 31, 2024 for the following five fiscal years and thereafter are as follows (in thousands):
Years Ending March 31, |
2025 | $ | 15,943 |
2026 | 13,237 |
2027 | 12,099 |
2028 | 9,396 |
2029 | 8,655 |
Thereafter | 32,813 |
Total lease payments | $ | 92,143 |
Less: imputed interest | (13,235) |
Less: tenant improvement allowance | (1,881) |
Present value of lease liabilities | $ | 77,027 |
Weighted-average lease terms and discount rates were as follows:
|  | Years Ended March 31,
|  | 2024 |  | 2023
Weighted-average remaining lease terms (in years) |  | 7.5 |  | 8.1
Weighted-average discount rate |  | 3.8 | % |  | 3.7 | %

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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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