| LEASES |
LEASES Supplemental balance sheet information related to leases was as follows:
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June 30, 2020 |
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March 31, 2020 |
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| Operating lease right-of-use asset |
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$ |
12,325 |
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$ |
12,689 |
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| Other accrued liabilities |
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3,075 |
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3,065 |
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| Operating lease liability |
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10,402 |
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10,822 |
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| Total operating lease liabilities |
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$ |
13,477 |
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$ |
13,887 |
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Components of lease cost were as follows (in thousands):
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Three Months Ended June 30, |
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| Lease Cost |
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2020 |
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2019 |
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| Operating lease cost |
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$ |
1,331 |
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$ |
1,272 |
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| Variable lease cost |
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212 |
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66 |
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| Short-term lease cost |
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53 |
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2 |
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| Total lease cost |
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$ |
1,596 |
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$ |
1,340 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| For the fiscal year ended March 31, |
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2021, excluding the three months ended June 30, 2020 |
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$ |
3,574 |
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| 2022 |
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4,048 |
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| 2023 |
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3,022 |
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| 2024 |
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2,888 |
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| 2025 |
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2,290 |
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| Thereafter |
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2,901 |
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| Total lease payments |
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$ |
18,723 |
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| Less: imputed interest |
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(5,246) |
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| Present value of lease liabilities |
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$ |
13,477 |
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| Lease Term and Discount Rate |
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June 30, 2020 |
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March 31, 2020 |
| Weighted average remaining operating lease term (years) |
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4.81 |
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4.99 |
| Weighted average discount rate for operating leases |
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13.98 |
% |
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13.91 |
% |
Operating cash outflows related to operating leases totaled $1.4 million and $1.3 million for the three months ended June 30, 2020 and 2019.
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