| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating Leases |
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December 31, 2024 |
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March 31, 2024 |
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| Operating lease right-of-use asset |
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$ |
8,670 |
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$ |
9,425 |
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Operating lease liability within other accrued liabilities |
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1,227 |
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1,256 |
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| Operating lease liability, net |
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9,067 |
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9,621 |
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| Total operating lease liabilities |
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$ |
10,294 |
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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 December 31, |
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Nine Months Ended December 31, |
| 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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$ |
716 |
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$ |
710 |
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$ |
2,207 |
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$ |
2,316 |
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| Variable lease cost |
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69 |
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51 |
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221 |
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233 |
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| Total lease cost |
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$ |
785 |
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$ |
761 |
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$ |
2,428 |
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$ |
2,549 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of fiscal year 2025 |
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$ |
670 |
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2026 |
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2,276 |
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2027 |
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1,770 |
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2028 |
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1,550 |
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2029 |
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1,228 |
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| Thereafter |
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12,095 |
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| Total lease payments |
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$ |
19,589 |
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| Less: imputed interest |
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(9,295) |
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| Present value of lease liabilities |
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$ |
10,294 |
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| Lease Term and Discount Rate |
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December 31, 2024 |
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March 31, 2024 |
| Weighted average remaining operating lease term (years) |
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10.25 |
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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 $2.1 million and $2.3 million for the nine months ended December 31, 2024 and 2023, respectively.
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