Annual report pursuant to Section 13 and 15(d)

LEASES

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LEASES
 12 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Year Ended March 31,
Operating leases 2024 2023 2022
Operating lease right-of-use assets $ 9,425  $ 10,291  $ 11,107 
Other current liabilities $ 1,256  $ 1,364  $ 1,727 
Operating lease liability 9,621  10,169  9,891 
   Total operating lease liabilities $ 10,877  $ 11,533  $ 11,618 


The components of lease expense were as follows (in thousands):
Year Ended March 31,
Lease expense 2024 2023 2022
Operating lease expense $ 3,007  $ 4,276  $ 3,727 
Variable lease expense 291  753  643 
Short-term lease expense —  —  15 
   Total lease expense $ 3,298  $ 5,029  $ 4,385 

Maturity of Lease Liabilities Operating Leases
2024 $ 2,538 
2025 2,062 
2026 1,714 
2027 1,523 
2028 1,207 
   Thereafter 12,083 
Total lease payments $ 21,127 
Less: Imputed interest (10,250)
Present value of lease liabilities $ 10,877 

Lease Term and Discount Rate March 31,
2024 2023 2022
Weighted average remaining operating lease term (years) 10.53 10.85 10.88
Weighted average discount rate for operating leases 12.64  % 12.66  % 12.9  %

Operating cash outflows related to operating leases totaled $2.9 million, $3.5 million and $3.7 million for the fiscal years ended March 31, 2024, March 31, 2023, and March 31, 2022, respectively.