Leases of Lessess (Tables)

9 Months Ended

Dec. 31, 2019

Schedule of supplemental balance sheet information related to leases [Table Text Block]

The following table sets forth the right-of-use assets and lease liabilities for operating leases included in the Company’s consolidated balance sheet:



(in thousands)	December 31, 2019

Assets
Operating lease right-of-use assets	$	34,230

Liabilities
Current portion of operating lease liabilities	$	8,394
Long-term operating lease liabilities	23,465
Total operating lease liabilities	$	31,859

Schedule of supplemental income statement information related to leases [Table Text Block]

The following table sets forth the location and amount of operating lease costs included in the Company's consolidated statement of income:



	Three Months Ended December 31,		Nine Months Ended December 31,
(in thousands)	2019		2019

Income Statement Location
Cost of goods sold	$	2,786	$	7,995
Selling, general, and administrative expenses	2,132		6,182
Total operating lease costs⁽¹⁾	$	4,918	$	14,177


⁽¹⁾	Includes variable operating lease costs.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table reconciles the undiscounted cash flows to the operating lease liabilities in the Company’s consolidated balance sheet:



(in thousands)	December 31, 2019
Maturity of Operating Lease Liabilities
2020 (excluding the nine months ended December 31, 2019)	$	2,826
2021	9,271
2022	6,222
2023	5,021
2024	3,558
2025 and thereafter	10,268
Total undiscounted cash flows for operating leases	$	37,166
Less: Imputed interest	(5,307		)
Total operating lease liabilities	$	31,859

Supplemental information related to operating leases [Table Text Block]

The following table sets forth supplemental information related to operating leases:



	Three Months Ended December 31,		Nine Months Ended December 31,
(in thousands, except lease term and incremental borrowing rate)	2019		2019

Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,805	$	11,064
Right-of-use assets obtained in exchange for new operating leases	1,512		5,613

Weighted Average Remaining Lease Term (years)			6.01

Weighted Average Collateralized Incremental Borrowing Rate			4.82		%