Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.25.0.1
LEASES (Tables)
 9 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating Leases December 31, 2024 March 31, 2024
Operating lease right-of-use asset $ 8,670  $ 9,425 
Operating lease liability within other accrued liabilities
 1,227  1,256 
Operating lease liability, net 9,067  9,621 
   Total operating lease liabilities $ 10,294  $ 10,877 
Schedule of Components of Lease Cost
Components of lease cost were as follows (in thousands):
Three Months Ended December 31, Nine Months Ended December 31,
Lease Cost 2024 2023 2024 2023
Operating lease cost    $ 716  $ 710  $ 2,207  $ 2,316 
Variable lease cost    69  51  221  233 
Total lease cost    $ 785  $ 761  $ 2,428  $ 2,549 
Lease Term and Discount Rate December 31, 2024 March 31, 2024
Weighted average remaining operating lease term (years) 10.25 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 $ 670 
2026
 2,276 
2027
 1,770 
2028
 1,550 
2029
 1,228 
   Thereafter 12,095 
Total lease payments $ 19,589 
Less: imputed interest (9,295)
Present value of lease liabilities $ 10,294