| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating leases |
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June 30, 2021 |
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March 31, 2021 |
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| Operating lease right-of-use asset |
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$ |
8,565 |
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$ |
9,383 |
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| Other accrued liabilities |
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2,375 |
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2,581 |
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| Operating lease liability |
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7,282 |
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8,005 |
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| Total operating lease liabilities |
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$ |
9,657 |
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$ |
10,586 |
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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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2021 |
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2020 |
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| Operating lease cost |
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$ |
1,135 |
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$ |
1,331 |
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| Variable lease cost |
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174 |
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212 |
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| Short-term lease cost |
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— |
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53 |
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| Total lease cost |
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$ |
1,309 |
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$ |
1,596 |
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| Maturity of Lease Liabilities |
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Operating Leases |
2022, excluding the three months ended June 30, 2021 |
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$ |
2,759 |
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| 2023 |
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2,714 |
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| 2024 |
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2,555 |
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| 2025 |
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2,270 |
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| 2026 |
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1,827 |
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| Thereafter |
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696 |
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| Total lease payments |
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$ |
12,821 |
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| Less: imputed interest |
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(3,164) |
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| Present value of lease liabilities |
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$ |
9,657 |
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| Lease Term and Discount Rate |
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June 30, 2021 |
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March 31, 2021 |
| Weighted average remaining operating lease term (years) |
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4.25 |
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4.53 |
| Weighted average discount rate for operating leases |
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13.66 |
% |
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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.
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