LEASES

12 Months Ended

Mar. 31, 2023

Leases [Abstract]

LEASES

LEASES

The components of lease expense were as follows:

	For the years ended March 31,
	2023		2022		2021
Operating lease expense	$	12,030	$	13,482	$	15,210
Variable lease expense	$	6,378	$	3,837	$	2,462
Cash outflows from operating leases	$	18,985	$	17,310	$	9,878

Short-term lease expense was immaterial during the years ended March 31, 2023 and 2022. The Company continues to evaluate its lease for potential impairments. During fiscal 2023, certain leases were impaired. As a result, $2.7 million of right of use assets were written off.

The following table presents supplemental lease information:

	March 31, 2023	March 31, 2022
Weighted average remaining lease term	7.0 years	7.4 years
Weighted average discount rate	4.1%	4.0%

The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of March 31, 2023:

2024	$	14,277
2025	13,126
2026	12,026
2027	10,712
2028	10,002
Thereafter	28,659
Total lease payments	88,802
Less: imputed interest	(11,675)
Present value of lease liabilities	$	77,127