| 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, 2022 |
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March 31, 2022 |
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| Operating lease right-of-use asset |
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$ |
10,579 |
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$ |
11,107 |
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| Other accrued liabilities |
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1,293 |
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1,727 |
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| Operating lease liability |
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10,315 |
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9,891 |
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| Total operating lease liabilities |
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$ |
11,608 |
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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 September 30, |
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Six Months Ended September 30, |
| Lease Cost |
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2022 |
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2021 |
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2022 |
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2021 |
| Operating lease cost |
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$ |
1,003 |
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$ |
994 |
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$ |
2,029 |
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$ |
2,129 |
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| Variable lease cost |
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179 |
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177 |
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337 |
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351 |
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| Short-term lease cost |
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— |
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4 |
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— |
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4 |
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| Total lease cost |
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$ |
1,182 |
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$ |
1,175 |
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$ |
2,366 |
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$ |
2,484 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of 2023 |
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$ |
1,495 |
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| 2024 |
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2,305 |
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| 2025 |
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2,062 |
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| 2026 |
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1,644 |
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| 2027 |
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1,542 |
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| Thereafter |
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14,670 |
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| Total lease payments |
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$ |
23,718 |
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| Less: imputed interest |
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(12,110) |
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| Present value of lease liabilities |
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$ |
11,608 |
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| Lease Term and Discount Rate |
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September 30, 2022 |
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March 31, 2022 |
| Weighted average remaining operating lease term (years) |
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11.20 |
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10.88 |
| Weighted average discount rate for operating leases |
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12.8 |
% |
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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.
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