| LEASES |
LEASES Supplemental balance sheet information related to leases is as follows (in thousands):
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| Operating leases |
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September 30, 2020 |
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March 31, 2020 |
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| Operating lease right-of-use asset |
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$ |
10,597 |
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$ |
12,689 |
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| Other accrued liabilities |
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2,720 |
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3,065 |
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| Operating lease liability |
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9,114 |
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10,822 |
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| Total operating lease liabilities |
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$ |
11,834 |
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$ |
13,887 |
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Components of lease cost were as follows (in thousands):
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Three Months Ended September 30, |
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Six Months Ended September 30, |
| Lease Cost |
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2020 |
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2019 |
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2020 |
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2019 |
| Operating lease cost |
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$ |
1,338 |
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$ |
1,304 |
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$ |
2,669 |
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$ |
2,576 |
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| Variable lease cost |
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211 |
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147 |
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423 |
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212 |
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| Short-term lease cost |
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39 |
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29 |
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92 |
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31 |
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| Total lease cost |
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$ |
1,588 |
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$ |
1,480 |
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$ |
3,184 |
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$ |
2,819 |
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| Maturity of Lease Liabilities |
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Operating Leases |
| For the fiscal year ended March 31, |
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2021, excluding the six months ended September 30, 2020 |
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$ |
2,099 |
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| 2022 |
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3,813 |
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| 2023 |
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2,763 |
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| 2024 |
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2,598 |
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| 2025 |
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2,310 |
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| Thereafter |
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2,935 |
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| Total lease payments |
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$ |
16,518 |
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| Less: imputed interest |
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(4,684) |
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| Present value of lease liabilities |
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$ |
11,834 |
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| Lease Term and Discount Rate |
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September 30, 2020 |
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March 31, 2020 |
| Weighted average remaining operating lease term (years) |
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4.82 |
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4.99 |
| Weighted average discount rate for operating leases |
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13.96 |
% |
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13.91 |
% |
Operating cash outflows related to operating leases totaled $1.3 million for the six months ended September 30, 2020 and 2019.
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