Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.3.a.u2
LEASES (Tables)
 9 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease, Cost
These variable lease costs are recognized as a variable lease expense when incurred.

Components of lease cost were as follows (in thousands):

Lease Cost
 
Three Months Ended December 31, 2019
 
Nine Months Ended December 31, 2019
 
  
 
 
 
Operating lease cost
  
$
1,259

 
$
3,835

Variable lease cost
  
109

 
321

Short-term lease cost
  
58

 
89

Total lease cost
  
$
1,426

 
$
4,245

Lessee, Operating Lease, Liability, Maturity
Maturity of Lease Liabilities
 
Operating Leases
2020, excluding the nine months ended December 31, 2019
 
$
1,194

For the fiscal year ended March 31,
 
 
   2021
 
4,319

   2022
 
3,356

   2023
 
2,443

   2024
 
2,327

   Thereafter
 
4,819

Total lease payments
 
$
18,458

Less: Imputed interest
 
(5,287
)
Present value of lease liabilities
 
$
13,171

Assets and Liabilities, Lessee
Supplemental balance sheet information related to leases was as follows:
 
 
December 31, 2019
Operating lease right-of-use asset
  
$
11,910

Other current liabilities
  
$
3,126

Operating lease liability
  
10,045

   Total operating lease liabilities
  
$
13,171


Lease Term and Discount Rate
 
December 31, 2019
Weighted average remaining operating lease term (years)
 
5.12

Weighted average discount rate for operating leases
 
13.91
%