| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating leases |
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September 30, 2021 |
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March 31, 2021 |
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| Operating lease right-of-use asset |
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$ |
7,917 |
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$ |
9,383 |
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| Other accrued liabilities |
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2,092 |
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2,581 |
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| Operating lease liability |
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6,818 |
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8,005 |
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| Total operating lease liabilities |
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$ |
8,910 |
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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 September 30, |
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Six Months Ended September 30, |
| Lease Cost |
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2021 |
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2020 |
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2021 |
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2020 |
| Operating lease cost |
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$ |
994 |
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$ |
1,338 |
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$ |
2,129 |
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$ |
2,669 |
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| Variable lease cost |
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177 |
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211 |
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351 |
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423 |
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| Short-term lease cost |
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4 |
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39 |
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4 |
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92 |
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| Total lease cost |
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$ |
1,175 |
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$ |
1,588 |
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$ |
2,484 |
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$ |
3,184 |
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| Maturity of Lease Liabilities |
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Operating Leases |
2022, excluding the six months ended September 30, 2021 |
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$ |
1,734 |
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| 2023 |
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2,695 |
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| 2024 |
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2,543 |
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| 2025 |
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2,264 |
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| 2026 |
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1,827 |
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| Thereafter |
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698 |
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| Total lease payments |
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$ |
11,761 |
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| Less: imputed interest |
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(2,851) |
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| Present value of lease liabilities |
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$ |
8,910 |
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| Lease Term and Discount Rate |
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September 30, 2021 |
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March 31, 2021 |
| Weighted average remaining operating lease term (years) |
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4.15 |
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4.53 |
| Weighted average discount rate for operating leases |
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13.64 |
% |
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13.96 |
% |
Operating cash outflows related to operating leases totaled $1.0 million and $1.3 million for the six months ended September 30, 2021 and 2020, respectively.
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