LEASES (Tables)

12 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of Operating Lease Cost and Supplemental Cash Flow Information

The components of operating lease cost for the fiscal year ended March 31, 2020 were as follows (in thousands):

Lease cost under long-term operating leases	$	13,318
Lease cost under short-term operating leases	4,172
Variable lease cost under short-term and long-term operating leases	4,259
Total operating lease cost	$	21,749

The table below presents supplemental cash flow information related to leases during the fiscal year ended March 31, 2020 (in thousands):

Right-of-use assets obtained in exchange for new operating lease liabilities $ 11,127 

Weighted average remaining lease term in years and weighted average discount rate are as follows:

Weighted average remaining lease term in years - operating leases	8.59
Weighted average discount rate - operating leases	4.1	%

ASC 842 Future Minimum Payments Under Non-Cancellable Leases

Future minimum payments under non-cancellable leases at March 31, 2020 are as follows (in thousands):

Year Ending March 31,
2021	$	12,479
2022	13,626
2023	11,564
2024	10,167
2025	10,019
Thereafter	38,282
Total lease payments	$	96,137
Less imputed interest	(15,142)
Present value of lease liabilities	$	80,995

Schedule of Future Non-Cancelable Minimum Lease Commitments

As previously disclosed in the Company’s fiscal year Form 10-K and under the previous lease accounting standard, ASC 840, Leases, the following table summarizes the future non-cancelable minimum lease commitments (including office space, copiers, and automobiles) at March 31, 2019 (in thousands):

Year Ending March 31,
2020	$	16,102
2021	11,059
2022	9,804
2023	8,807
2024	8,500
Remaining years	43,997
Total minimum lease payments	$	98,269