Quarterly report [Sections 13 or 15(d)]

LEASES

v3.25.2
LEASES
 3 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating Leases June 30, 2025 March 31, 2025
Operating lease right-of-use asset $ 8,314  $ 8,580 
Operating lease liability within other accrued liabilities
 797  856 
Operating lease liability, net 8,787  8,934 
   Total operating lease liabilities $ 9,584  $ 9,790 

Components of lease cost were as follows (in thousands):
Three Months Ended June 30,
Lease Cost 2025 2024
Operating lease cost    $ 669  $ 712 
Variable lease cost    39  70 
Short-term lease cost
 75  — 
Total lease cost    $ 783  $ 782 

Maturity of Lease Liabilities Operating Leases
Remainder of fiscal year 2026 $ 1,710 
2027
 1,859 
2028
 1,623 
2029
 1,245 
2030 1,242 
   Thereafter 10,855 
Total lease payments $ 18,534 
Less: imputed interest (8,950)
Present value of lease liabilities $ 9,584 



Lease Term and Discount Rate June 30, 2025 March 31, 2025
Weighted average remaining operating lease term (years) 10.19 10.19
Weighted average discount rate for operating leases 12.6  % 12.59  %

Operating cash outflows related to operating leases each totaled $0.7 million for the three months ended June 30, 2025 and 2024, respectively.