LEASES (Tables)

3 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components of Operating Lease Cost and Supplemental Cash Flow Information

The components of operating lease cost for the three months ended June 30, 2020 and 2019 were as follows (in thousands):

	Three Months Ended		Three Months Ended
	June 30, 2020		June 30, 2019
Lease cost under long-term operating leases	$	3,262	$	3,245
Lease cost under short-term operating leases	813		852
Variable lease cost under short-term and long-term operating leases	882		1,212
Total operating lease cost	$	4,957	$	5,309

The table below presents supplemental cash flow information related to leases during the three months ended June 30, 2020 and 2019 (in thousands):

	June 30, 2020		June 30, 2019
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,794	$	1,827

At June 30, 2020 and March 31, 2020, the weighted average remaining lease term in years and weighted average discount rate were as follows:

	June 30, 2020		March 31, 2020
Weighted average remaining lease term in years - operating leases	8.28		8.59
Weighted average discount rate - operating leases	4.1	%	4.1	%

Future Minimum Payments Under Non-Cancellable Leases

Future minimum payments under non-cancellable leases at June 30, 2020 are as follows (in thousands):

Year ending March 31:
2021 (remaining nine months)	$	9,556
2022	14,403
2023	12,269
2024	10,194
2025	10,040
Thereafter	38,322
Total lease payments	$	94,784
Less imputed interest	(14,403)
Present value of lease liabilities	$	80,381