Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
3 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Supplemental Balance Sheet
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leases June 30, 2023 March 31, 2023
Operating lease right-of-use asset $ 10,017  $ 10,291 
Other accrued liabilities 1,218  1,364 
Operating lease liability 10,001  10,169 
   Total operating lease liabilities $ 11,219  $ 11,533 
Schedule of Components of Lease Cost
Components of lease cost were as follows (in thousands):
Three Months Ended June 30,
Lease Cost 2023 2022
Operating lease cost    $ 875  $ 1,026 
Variable lease cost    122  158 
Total lease cost    $ 997  $ 1,184 
Lease Term and Discount Rate June 30, 2023 March 31, 2023
Weighted average remaining operating lease term (years) 10.88 10.85
Weighted average discount rate for operating leases 12.7  % 12.7  %
Schedule of Maturity of Operating Lease Liability
Maturity of Lease Liabilities Operating Leases
Remainder of 2024 $ 1,963 
   2025 2,257 
   2026 1,828 
   2027 1,645 
   2028 1,474 
   Thereafter 13,265 
Total lease payments $ 22,432 
Less: imputed interest (11,213)
Present value of lease liabilities $ 11,219