LEASES (Tables)

12 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of Operating Lease Cost and Supplemental Cash Flow Information

The components of operating lease cost for the fiscal years ended March 31, 2021 and 2020 were as follows (in thousands):

	Fiscal Year Ended March 31,
	2021		2020
Lease cost under long-term operating leases	$	13,092	$	13,318
Lease cost under short-term operating leases	3,678		4,172
Variable lease cost under short-term and long-term operating leases	3,800		4,259
Total operating lease cost	$	20,570	$	21,749

The table below presents supplemental cash flow information related to leases during the fiscal years ended March 31, 2021 and 2020 (in thousands):

	Fiscal Year Ended March 31,
	2021		2020
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,492	$	11,127

At March 31, 2021 and 2020, the weighted average remaining lease term in years and weighted average discount rate were as follows:

	March 31, 2021		March 31, 2020
Weighted average remaining lease term in years - operating leases	7.70		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 March 31, 2021 are as follows (in thousands):

Year Ending March 31,
2022	$	14,085
2023	12,890
2024	10,299
2025	10,098
2026	9,087
Thereafter	29,286
Total lease payments	$	85,745
Less imputed interest	(12,124)
Present value of lease liabilities	$	73,621