Quarterly report pursuant to Section 13 or 15(d)

LEASES

v3.21.2
LEASES
3 Months Ended
Jun. 30, 2021
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leases June 30, 2021 March 31, 2021
Operating lease right-of-use asset    $ 8,565  $ 9,383 
Other accrued liabilities    2,375  2,581 
Operating lease liability    7,282  8,005 
   Total operating lease liabilities    $ 9,657  $ 10,586 


Components of lease cost were as follows (in thousands):
Three Months Ended June 30,
Lease Cost 2021 2020
Operating lease cost    $ 1,135  $ 1,331 
Variable lease cost    174  212 
Short-term lease cost    —  53 
Total lease cost    $ 1,309  $ 1,596 

Maturity of Lease Liabilities Operating Leases
   2022, excluding the three months ended June 30, 2021
$ 2,759 
   2023 2,714 
   2024 2,555 
   2025 2,270 
   2026 1,827 
   Thereafter 696 
Total lease payments $ 12,821 
Less: imputed interest (3,164)
Present value of lease liabilities $ 9,657 
Lease Term and Discount Rate June 30, 2021 March 31, 2021
Weighted average remaining operating lease term (years) 4.25 4.53
Weighted average discount rate for operating leases 13.66  % 13.96  %

Operating cash outflows related to operating leases totaled $1.1 million and $1.4 million for the three months ended June 30, 2021 and 2020, respectively.