| 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, 2022 |
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March 31, 2022 |
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| Operating lease right-of-use asset |
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$ |
10,641 |
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$ |
11,107 |
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| Other accrued liabilities |
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1,521 |
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|
1,727 |
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| Operating lease liability |
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9,932 |
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|
9,891 |
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| Total operating lease liabilities |
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$ |
11,453 |
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$ |
11,618 |
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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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2022 |
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2021 |
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| Operating lease cost |
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$ |
1,026 |
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$ |
1,135 |
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| Variable lease cost |
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158 |
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|
174 |
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| Total lease cost |
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$ |
1,184 |
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$ |
1,309 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of 2023 |
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$ |
2,139 |
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| 2024 |
|
2,203 |
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| 2025 |
|
1,940 |
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| 2026 |
|
1,512 |
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| 2027 |
|
1,411 |
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| Thereafter |
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14,560 |
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| Total lease payments |
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$ |
23,765 |
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| Less: imputed interest |
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(12,312) |
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| Present value of lease liabilities |
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$ |
11,453 |
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| Lease Term and Discount Rate |
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June 30, 2022 |
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March 31, 2022 |
| Weighted average remaining operating lease term (years) |
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11.18 |
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10.88 |
| Weighted average discount rate for operating leases |
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12.9 |
% |
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12.9 |
% |
Operating cash outflows related to operating leases totaled $0.7 million and $1.1 million for the three months ended June 30, 2022 and 2021, respectively.
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