Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
 6 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Supplemental balance sheet
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leases September 30, 2020 March 31, 2020
Operating lease right-of-use asset    $ 10,597  $ 12,689 
Other accrued liabilities    2,720  3,065 
Operating lease liability    9,114  10,822 
   Total operating lease liabilities    $ 11,834  $ 13,887 
Components of lease cost
Components of lease cost were as follows (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
Lease Cost 2020 2019 2020 2019
Operating lease cost    $ 1,338  $ 1,304  $ 2,669  $ 2,576 
Variable lease cost    211  147  423  212 
Short-term lease cost    39  29  92  31 
Total lease cost    $ 1,588  $ 1,480  $ 3,184  $ 2,819 
Lease Term and Discount Rate September 30, 2020 March 31, 2020
Weighted average remaining operating lease term (years) 4.82 4.99
Weighted average discount rate for operating leases 13.96  % 13.91  %
Maturity of operating lease liability
Maturity of Lease Liabilities Operating Leases
For the fiscal year ended March 31,
   2021, excluding the six months ended September 30, 2020
 $ 2,099 
   2022 3,813 
   2023 2,763 
   2024 2,598 
   2025 2,310 
   Thereafter 2,935 
Total lease payments $ 16,518 
Less: imputed interest (4,684)
Present value of lease liabilities $ 11,834