Annual report [Section 13 and 15(d), not S-K Item 405]

LEASES

v3.25.2
LEASES
 12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Year Ended March 31,
Operating leases 2025 2024
Operating lease right-of-use assets $ 8,580  $ 9,425 
Other current liabilities $ 856  $ 1,256 
Operating lease liability 8,934  9,621 
   Total operating lease liabilities $ 9,790  $ 10,877 


The components of lease expense were as follows (in thousands):
Year Ended March 31,
Lease expense 2025 2024
Operating lease expense $ 2,895  $ 3,007 
Variable lease expense 263  291 
Short-term lease expense 48  — 
   Total lease expense $ 3,206  $ 3,298 

Maturity of Lease Liabilities Operating Leases
Fiscal year ending 2026
 $ 2,346 
2027 1,832 
2028 1,597 
2029 1,240 
2030 1,241 
   Thereafter 10,855 
Total lease payments $ 19,111 
Less: Imputed interest (9,321)
Present value of lease liabilities $ 9,790 
Lease Term and Discount Rate March 31,
2025 2024
Weighted average remaining operating lease term (years) 10.19 10.53
Weighted average discount rate for operating leases 12.59  % 12.64  %

Operating cash outflows related to operating leases totaled $2.8 million and $2.9 million for the fiscal years ended March 31, 2025 and March 31, 2024, respectively.