| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating Leases |
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September 30, 2024 |
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March 31, 2024 |
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| Operating lease right-of-use asset |
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$ |
9,164 |
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$ |
9,425 |
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| Operating lease liability with other accrued liabilities |
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1,375 |
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1,256 |
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| Operating lease liability, net |
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9,366 |
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9,621 |
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| Total operating lease liabilities |
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$ |
10,741 |
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$ |
10,877 |
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Components of lease cost were as follows (in thousands):
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Three Months Ended September 30, |
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Six Months Ended September 30, |
| Lease Cost |
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2024 |
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2023 |
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2024 |
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2023 |
| Operating lease cost |
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$ |
779 |
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$ |
731 |
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$ |
1,491 |
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$ |
1,606 |
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| Variable lease cost |
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82 |
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60 |
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152 |
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182 |
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| Total lease cost |
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$ |
861 |
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$ |
791 |
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$ |
1,643 |
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$ |
1,788 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of fiscal year 2025 |
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$ |
1,389 |
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2026 |
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2,317 |
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2027 |
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1,797 |
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2028 |
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1,568 |
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2029 |
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1,220 |
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| Thereafter |
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12,089 |
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| Total lease payments |
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$ |
20,380 |
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| Less: imputed interest |
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(9,639) |
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| Present value of lease liabilities |
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$ |
10,741 |
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| Lease Term and Discount Rate |
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September 30, 2024 |
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March 31, 2024 |
| Weighted average remaining operating lease term (years) |
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10.15 |
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10.85 |
| Weighted average discount rate for operating leases |
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12.6 |
% |
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12.7 |
% |
Operating cash outflows related to operating leases totaled $1.4 million and $1.6 million for the six months ended September 30, 2024 and 2023, respectively.
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