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LEASES
 3 Months Ended
Jun. 30, 2024
Leases [Abstract]  
LEASES LEASES
The components of lease expense were as follows:
Three Months Ended June 30,
20242023
Operating lease expense$3,165 $2,507 
Variable lease expense$1,081 $1,121 
The supplemental cash flow information related to leases was as follows:
June 30, 2024June 30, 2023
Cash outflows from operating leases$3,742 $3,640 
Right-of-use assets obtained in exchange for operating lease obligations$1,954 $— 
The Company entered into a lease agreement commencing in April 2024 for approximately 7,700 square feet of existing international office space in Singapore over a three-year term. As of June 30, 2024, the Company has recorded a right-of-use asset and right-of-use liability of $1.8 million, respectively, on the Condensed Consolidated Balance Sheets.
Short-term lease expense was immaterial during the years ended June 30, 2024 and 2023.
The following table presents supplemental lease information:
June 30, 2024March 31, 2024
Weighted average remaining lease term5.9 years6.2 years
Weighted average discount rate4.5%4.3%
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of June 30, 2024:
Remainder of 2025$10,698 
202613,381 
202712,050 
202810,634 
202910,476 
Thereafter18,433 
Total lease payments75,672 
Less: imputed interest(8,929)
Present value of lease liabilities$66,743