| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating leases |
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December 31, 2022 |
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March 31, 2022 |
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| Operating lease right-of-use asset |
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$ |
10,468 |
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$ |
11,107 |
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| Other accrued liabilities |
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1,202 |
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1,727 |
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| Operating lease liability |
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10,346 |
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9,891 |
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| Total operating lease liabilities |
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$ |
11,548 |
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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 December 31, |
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Nine Months Ended December 31, |
| 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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$ |
994 |
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$ |
887 |
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$ |
3,023 |
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$ |
3,016 |
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| Variable lease cost |
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176 |
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176 |
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513 |
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527 |
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| Short-term lease cost |
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— |
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13 |
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— |
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17 |
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| Total lease cost |
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$ |
1,170 |
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$ |
1,076 |
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$ |
3,536 |
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$ |
3,560 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of 2023 |
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$ |
657 |
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| 2024 |
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2,495 |
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| 2025 |
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2,185 |
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| 2026 |
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1,717 |
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| 2027 |
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1,586 |
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| Thereafter |
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14,696 |
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| Total lease payments |
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$ |
23,336 |
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| Less: imputed interest |
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(11,788) |
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| Present value of lease liabilities |
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$ |
11,548 |
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| Lease Term and Discount Rate |
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December 31, 2022 |
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March 31, 2022 |
| Weighted average remaining operating lease term (years) |
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11.11 |
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10.88 |
| Weighted average discount rate for operating leases |
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12.6 |
% |
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12.9 |
% |
Operating cash outflows related to operating leases totaled $2.4 million and $3.1 million for the nine months ended December 31, 2022 and 2021, respectively.
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