LEASES (Tables)

9 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Operating Lease Cost and Supplemental Cash Flow Information

The components of operating lease cost for the three and nine months ended December 31, 2020 and 2019 were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2020		2019		2020		2019
Lease cost under long-term operating leases	$	3,277	$	3,459	$	9,803	$	9,980
Lease cost under short-term operating leases	804		1,681		3,184		3,430
Variable lease cost under short-term and long-term operating leases	895		974		2,845		3,249
Total operating lease cost	$	4,976	$	6,114	$	15,832	$	16,659

The table below presents supplemental cash flow information related to leases during the nine months ended December 31, 2020 and 2019 (in thousands):

	December 31, 2020		December 31, 2019
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,902	$	5,474

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

	December 31, 2020		March 31, 2020
Weighted average remaining lease term in years - operating leases	7.92		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 December 31, 2020 are as follows (in thousands):

Year ending March 31:
2021 (remaining three months)	$	2,522
2022	14,705
2023	12,477
2024	10,248
2025	10,081
Thereafter	38,416
Total lease payments	$	88,449
Less imputed interest	(12,882)
Present value of lease liabilities	$	75,567