Quarterly report pursuant to Section 13 or 15(d)

LEASES

v3.22.2.2
LEASES
6 Months Ended
Sep. 30, 2022
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leases September 30, 2022 March 31, 2022
Operating lease right-of-use asset $ 10,579  $ 11,107 
Other accrued liabilities 1,293  1,727 
Operating lease liability 10,315  9,891 
   Total operating lease liabilities $ 11,608  $ 11,618 


Components of lease cost were as follows (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
Lease Cost 2022 2021 2022 2021
Operating lease cost    $ 1,003  $ 994  $ 2,029  $ 2,129 
Variable lease cost    179  177  337  351 
Short-term lease cost    —  — 
Total lease cost    $ 1,182  $ 1,175  $ 2,366  $ 2,484 
Maturity of Lease Liabilities Operating Leases
Remainder of 2023 $ 1,495 
   2024 2,305 
   2025 2,062 
   2026 1,644 
   2027 1,542 
   Thereafter 14,670 
Total lease payments $ 23,718 
Less: imputed interest (12,110)
Present value of lease liabilities $ 11,608 



Lease Term and Discount Rate September 30, 2022 March 31, 2022
Weighted average remaining operating lease term (years) 11.20 10.88
Weighted average discount rate for operating leases 12.8  % 12.9  %

Operating cash outflows related to operating leases totaled $2.2 million and $1.0 million for the six months ended September 30, 2022 and 2021, respectively.