Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.4
LEASES (Tables)
 9 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leases December 31, 2022 March 31, 2022
Operating lease right-of-use asset $ 10,468  $ 11,107 
Other accrued liabilities 1,202  1,727 
Operating lease liability 10,346  9,891 
   Total operating lease liabilities $ 11,548  $ 11,618 
Components of Lease Cost
Components of lease cost were as follows (in thousands):
Three Months Ended December 31, Nine Months Ended December 31,
Lease Cost 2022 2021 2022 2021
Operating lease cost    $ 994  $ 887  $ 3,023  $ 3,016 
Variable lease cost    176  176  513  527 
Short-term lease cost    —  13  —  17 
Total lease cost    $ 1,170  $ 1,076  $ 3,536  $ 3,560 
Lease Term and Discount Rate December 31, 2022 March 31, 2022
Weighted average remaining operating lease term (years) 11.11 10.88
Weighted average discount rate for operating leases 12.6  % 12.9  %
Maturity of Operating Lease Liability
Maturity of Lease Liabilities Operating Leases
Remainder of 2023 $ 657 
   2024 2,495 
   2025 2,185 
   2026 1,717 
   2027 1,586 
   Thereafter 14,696 
Total lease payments $ 23,336 
Less: imputed interest (11,788)
Present value of lease liabilities $ 11,548