| LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating leases |
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June 30, 2023 |
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March 31, 2023 |
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| Operating lease right-of-use asset |
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$ |
10,017 |
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$ |
10,291 |
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| Other accrued liabilities |
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1,218 |
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1,364 |
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| Operating lease liability |
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10,001 |
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10,169 |
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| Total operating lease liabilities |
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$ |
11,219 |
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$ |
11,533 |
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Components of lease cost were as follows (in thousands):
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Three Months Ended June 30, |
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| Lease Cost |
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2023 |
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2022 |
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| Operating lease cost |
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$ |
875 |
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$ |
1,026 |
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| Variable lease cost |
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122 |
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|
158 |
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| Total lease cost |
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$ |
997 |
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$ |
1,184 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of 2024 |
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$ |
1,963 |
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| 2025 |
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2,257 |
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| 2026 |
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1,828 |
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| 2027 |
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1,645 |
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| 2028 |
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1,474 |
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| Thereafter |
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13,265 |
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| Total lease payments |
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$ |
22,432 |
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| Less: imputed interest |
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(11,213) |
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| Present value of lease liabilities |
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$ |
11,219 |
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| Lease Term and Discount Rate |
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June 30, 2023 |
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March 31, 2023 |
| Weighted average remaining operating lease term (years) |
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10.88 |
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10.85 |
| Weighted average discount rate for operating leases |
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12.7 |
% |
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12.7 |
% |
Operating cash outflows related to operating leases totaled $0.9 million and $0.7 million for the three months ended June 30, 2023 and 2022, respectively.
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