Quarterly report [Sections 13 or 15(d)]

LEASES

v3.25.3
LEASES
 6 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating Leases September 30, 2025 March 31, 2025
Operating lease right-of-use asset $ 7,983  $ 8,580 
Operating lease liability within other accrued liabilities
 $ 702  $ 856 
Operating lease liability, net 8,602  8,934 
   Total operating lease liabilities $ 9,304  $ 9,790 

Components of lease cost were as follows (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
Lease Cost 2025 2024 2025 2024
Operating lease cost    $ 472  $ 779  $ 1,141  $ 1,491 
Variable lease cost    36  82  75  152 
Total lease cost    $ 508  $ 861  $ 1,216  $ 1,643 

Maturity of Lease Liabilities Operating Leases
Remainder of fiscal year 2026 $ 1,099 
2027
 1,852 
2028
 1,625 
2029
 1,247 
2030 1,244 
   Thereafter 10,855 
Total lease payments 17,922 
Less: imputed interest (8,618)
Present value of lease liabilities $ 9,304 



Lease Term and Discount Rate September 30, 2025 March 31, 2025
Weighted average remaining operating lease term (years) 10.21 10.19
Weighted average discount rate for operating leases 12.6  % 12.59  %

Operating cash outflows related to operating leases each totaled $1.1 million and $1.4 million for the six months ended September 30, 2025 and 2024, respectively.