Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
 3 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Supplemental Balance Sheet
Supplemental balance sheet information related to leases was as follows:
June 30, 2020 March 31, 2020
Operating lease right-of-use asset    $ 12,325    $ 12,689   
Other accrued liabilities    3,075    3,065   
Operating lease liability    10,402    10,822   
   Total operating lease liabilities    $ 13,477    $ 13,887   
Components of lease cost
Components of lease cost were as follows (in thousands):
Three Months Ended June 30,
Lease Cost 2020 2019
    
Operating lease cost    $ 1,331    $ 1,272   
Variable lease cost    212    66   
Short-term lease cost    53    2   
Total lease cost    $ 1,596    $ 1,340   
Maturity of operating lease liability
Maturity of Lease Liabilities Operating Leases
For the fiscal year ended March 31,
   2021, excluding the three months ended June 30, 2020
 $ 3,574   
   2022 4,048   
   2023 3,022   
   2024 2,888   
   2025 2,290   
   Thereafter 2,901   
Total lease payments $ 18,723   
Less: imputed interest (5,246)  
Present value of lease liabilities $ 13,477   
Schedule of lease terms and discount rates
Lease Term and Discount Rate June 30, 2020 March 31, 2020
Weighted average remaining operating lease term (years) 4.81 4.99
Weighted average discount rate for operating leases 13.98  % 13.91  %