Quarterly report pursuant to Section 13 or 15(d)

LEASES

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LEASES
 6 Months Ended
Sep. 30, 2023
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating Leases September 30, 2023 March 31, 2023
Operating lease right-of-use asset $ 9,844  $ 10,291 
Other accrued liabilities 1,116  1,364 
Operating lease liability 10,079  10,169 
   Total operating lease liabilities $ 11,195  $ 11,533 

Components of lease cost were as follows (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
Lease Cost 2023 2022 2023 2022
Operating lease cost    $ 731  $ 1,003  $ 1,606  $ 2,029 
Variable lease cost    60  179  182  337 
Total lease cost    $ 791  $ 1,182  $ 1,788  $ 2,366 

Maturity of Lease Liabilities Operating Leases
Remainder of 2024 $ 1,252 
   2025 2,365 
   2026 2,010 
   2027 1,677 
   2028 1,501 
   Thereafter 13,274 
Total lease payments $ 22,079 
Less: imputed interest (10,884)
Present value of lease liabilities $ 11,195 



Lease Term and Discount Rate September 30, 2023 March 31, 2023
Weighted average remaining operating lease term (years) 10.72 10.85
Weighted average discount rate for operating leases 12.7  % 12.7  %

Operating cash outflows related to operating leases totaled $1.6 million and $2.2 million for the six months ended September 30, 2023 and 2022, respectively.