Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.24.3
LEASES (Tables)
 6 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating Leases September 30, 2024 March 31, 2024
Operating lease right-of-use asset $ 9,164  $ 9,425 
Operating lease liability with other accrued liabilities 1,375  1,256 
Operating lease liability, net 9,366  9,621 
   Total operating lease liabilities $ 10,741  $ 10,877 
Schedule of Components of Lease Cost
Components of lease cost were as follows (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
Lease Cost 2024 2023 2024 2023
Operating lease cost    $ 779  $ 731  $ 1,491  $ 1,606 
Variable lease cost    82  60  152  182 
Total lease cost    $ 861  $ 791  $ 1,643  $ 1,788 
Lease Term and Discount Rate September 30, 2024 March 31, 2024
Weighted average remaining operating lease term (years) 10.15 10.85
Weighted average discount rate for operating leases 12.6  % 12.7  %
Schedule of Maturity of Operating Lease Liability
Maturity of Lease Liabilities Operating Leases
Remainder of fiscal year 2025 $ 1,389 
2026
 2,317 
2027
 1,797 
2028
 1,568 
2029
 1,220 
   Thereafter 12,089 
Total lease payments $ 20,380 
Less: imputed interest (9,639)
Present value of lease liabilities $ 10,741