LEASES (Tables)

3 Months Ended

Jun. 30, 2021

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, 2021 and 2020 were as follows (in thousands):

	Three Months Ended
	June 30,
	2021		2020
Lease cost under long-term operating leases	$	3,275	$	3,262
Lease cost under short-term operating leases	560		813
Variable lease cost under short-term and long-term operating leases	833		882
Total operating lease cost	$	4,668	$	4,957

The table below presents supplemental cash flow information related to leases during the three months ended June 30, 2021 and 2020 (in thousands):

	June 30, 2021		June 30, 2020
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—	$	1,794

At June 30, 2021 and March 31, 2021, the weighted average remaining lease term in years and weighted average discount rate were as follows:

	June 30, 2021		March 31, 2021
Weighted average remaining lease term in years - operating leases	7.55		7.70
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, 2021 are as follows (in thousands):

Year ending March 31:
2022 (remaining nine months)	$	10,382
2023	12,926
2024	10,309
2025	10,106
2026	9,093
Thereafter	29,298
Total lease payments	$	82,114
Less imputed interest	(11,410)
Present value of lease liabilities	$	70,704