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

LEASES (Tables)

v3.26.1
LEASES (Tables)
 12 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Supplemental balance sheet
Supplemental consolidated balance sheets information related to leases is as follows (in thousands):
Year Ended March 31,
Operating leases 2026 2025
Operating lease right-of-use assets $ 7,416  $ 8,580 
Operating lease liability, current - included in other accrued liabilities $ 799  $ 856 
Operating lease liability 8,172  8,934 
   Total operating lease liabilities $ 8,971  $ 9,790 
Components of lease cost
The components of lease expense were as follows (in thousands):
Year Ended March 31,
Lease expense 2026 2025
Operating lease expense $ 2,190  $ 2,895 
Variable lease expense 251  263 
Short-term lease expense 426  48 
   Total lease expense $ 2,867  $ 3,206 
Lease Term and Discount Rate March 31,
2026 2025
Weighted average remaining operating lease term (years) 10.16 10.53
Weighted average discount rate for operating leases 12.67  % 12.64  %
Maturity of operating lease liability
Maturity of Lease Liabilities Operating Leases
Fiscal year ending March 31, 2027 $ 1,964 
2028 1,606 
2029 1,234 
2030 1,237 
2031 1,285 
   Thereafter 9,569 
Total lease payments 16,895 
Less: Imputed interest (7,924)
Present value of lease liabilities $ 8,971