| 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, 2025 |
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March 31, 2025 |
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| Operating lease right-of-use asset |
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$ |
7,755 |
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$ |
8,580 |
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Operating lease liability within other accrued liabilities |
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$ |
679 |
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$ |
856 |
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| Operating lease liability, net |
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8,406 |
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8,934 |
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| Total operating lease liabilities |
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$ |
9,085 |
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$ |
9,790 |
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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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2025 |
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2024 |
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2025 |
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2024 |
| Operating lease cost |
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$ |
545 |
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$ |
716 |
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$ |
1,686 |
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$ |
2,207 |
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| Variable lease cost |
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145 |
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|
69 |
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|
220 |
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221 |
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| Total lease cost |
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$ |
690 |
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$ |
785 |
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$ |
1,906 |
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$ |
2,428 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| Remainder of fiscal year 2026 |
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$ |
556 |
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2027 |
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1,880 |
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2028 |
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1,625 |
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2029 |
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1,247 |
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| 2030 |
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1,244 |
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| Thereafter |
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10,855 |
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| Total lease payments |
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17,407 |
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| Less: imputed interest |
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(8,322) |
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| Present value of lease liabilities |
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$ |
9,085 |
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| Lease Term and Discount Rate |
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December 31, 2025 |
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March 31, 2025 |
| Weighted average remaining operating lease term (years) |
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10.14 |
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10.19 |
| Weighted average discount rate for operating leases |
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12.7 |
% |
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12.59 |
% |
Operating cash outflows related to operating leases each totaled $1.6 million and $2.1 million for the nine months ended December 31, 2025 and 2024, respectively.
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