Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
 6 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Supplemental balance sheet
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leases September 30, 2021 March 31, 2021
Operating lease right-of-use asset    $ 7,917  $ 9,383 
Other accrued liabilities    2,092  2,581 
Operating lease liability    6,818  8,005 
   Total operating lease liabilities    $ 8,910  $ 10,586 
Components of lease cost Components of lease cost were as follows (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
Lease Cost 2021 2020 2021 2020
Operating lease cost    $ 994  $ 1,338  $ 2,129  $ 2,669 
Variable lease cost    177  211  351  423 
Short-term lease cost    4  39  4  92 
Total lease cost    $ 1,175  $ 1,588  $ 2,484  $ 3,184 
Lease Term and Discount Rate September 30, 2021 March 31, 2021
Weighted average remaining operating lease term (years) 4.15 4.53
Weighted average discount rate for operating leases 13.64  % 13.96  %
Maturity of operating lease liability
Maturity of Lease Liabilities Operating Leases
   2022, excluding the six months ended September 30, 2021
 $ 1,734 
   2023 2,695 
   2024 2,543 
   2025 2,264 
   2026 1,827 
   Thereafter 698 
Total lease payments $ 11,761 
Less: imputed interest (2,851)
Present value of lease liabilities $ 8,910