LEASES (Tables)

6 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of Operating Lease Cost and Supplemental Cash Flow Information

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

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Lease cost under long-term operating leases	$	3,263	$	3,276	$	6,525	$	6,521
Lease cost under short-term operating leases	1,567		897		2,380		1,749
Variable lease cost under short-term and long-term operating leases	1,068		1,063		1,950		2,275
Total operating lease cost	$	5,898	$	5,236	$	10,855	$	10,545

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

	September 30, 2020		September 30, 2019
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,794	$	2,049

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

	September 30, 2020		March 31, 2020
Weighted average remaining lease term in years - operating leases	8.09		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 September 30, 2020 are as follows (in thousands):

Year ending March 31:
2021 (remaining six months)	$	6,141
2022	14,507
2023	12,339
2024	10,216
2025	10,057
Thereafter	38,364
Total lease payments	$	91,624
Less imputed interest	(13,626)
Present value of lease liabilities	$	77,998