| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating leases |
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December 31, 2020 |
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March 31, 2020 |
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| Operating lease right-of-use asset |
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$ |
10,096 |
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$ |
12,689 |
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| Other accrued liabilities |
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2,806 |
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3,065 |
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| Operating lease liability |
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8,500 |
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10,822 |
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| Total operating lease liabilities |
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$ |
11,306 |
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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 December 31, 2020 |
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Nine Months Ended December 31, |
| Lease Cost |
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2020 |
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2019 |
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2020 |
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2019 |
| Operating lease cost |
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$ |
1,018 |
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$ |
1,259 |
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$ |
3,688 |
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$ |
3,835 |
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| Variable lease cost |
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198 |
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109 |
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620 |
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321 |
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| Short-term lease cost |
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37 |
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58 |
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129 |
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89 |
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| Total lease cost |
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$ |
1,253 |
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$ |
1,426 |
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$ |
4,437 |
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$ |
4,245 |
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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 nine months ended December 31, 2020 |
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$ |
1,051 |
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| 2022 |
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3,863 |
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| 2023 |
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2,799 |
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| 2024 |
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2,630 |
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| 2025 |
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2,330 |
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| Thereafter |
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2,948 |
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| Total lease payments |
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$ |
15,621 |
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| Less: imputed interest |
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(4,315) |
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| Present value of lease liabilities |
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$ |
11,306 |
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| Lease Term and Discount Rate |
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December 31, 2020 |
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March 31, 2020 |
| Weighted average remaining operating lease term (years) |
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4.66 |
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4.99 |
| Weighted average discount rate for operating leases |
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13.97 |
% |
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13.91 |
% |
Operating cash outflows related to operating leases totaled $4.4 million and $3.4 million for the nine months ended December 31, 2020 and 2019, respectively.
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