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LEASES
 3 Months Ended
Jun. 30, 2022
Leases [Abstract]  
LEASES LEASES
Operating Leases
The following table provides balance sheet information related to operating leases:
 June 30, 2022March 31, 2022
Assets
Operating lease, right-of-use assets$59,859 $63,415 
Liabilities
Operating lease liabilities, current$14,424 $15,485 
Operating lease liabilities, non-current71,806 74,518 
Total operating lease liabilities$86,230 $90,003 
The components of lease expense were as follows:
Three Months Ended June 30,
20222021
Operating lease expense$3,121 $3,459 
Variable lease expense$1,587 $750 
Short-term lease expense was immaterial during the three months ended June 30, 2022 and 2021.
Cash outflows from operating leases were $4.8 million and $4.2 million, respectively, for the three months ended June 30, 2022 and 2021.
The following table presents supplemental lease information:
June 30, 2022March 31, 2022
Weighted average remaining lease term7.3 years7.4 years
Weighted average discount rate4.0%4.0%
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of June 30, 2022:
2023$15,380 
202413,639 
202512,481 
202611,292 
202710,008 
Thereafter37,350 
Total lease payments100,150 
Less: imputed interest(13,920)
Present value of lease liabilities$86,230 
Lease Assignment
In the fourth quarter of fiscal 2018, the Company entered into a lease agreement (the "Agreement") with CAP Phase I (the "Landlord"), to rent office space in San Jose, California. The lease term began on January 1, 2019. On April 30, 2019, due to the Company's rapid growth and greater than anticipated future space needs, the Company entered into an assignment and assumption (the "Assignment") of the Agreement with the Landlord and Roku Inc.("Roku"), whereby the Company assigned to Roku the Agreement. Pursuant to the Assignment, the Company was released from all of its obligations under the lease and the related standby letter of credit, which was secured by restricted cash of $0.8 million, was released in May 2022.