LEASES (Tables)

6 Months Ended

Sep. 30, 2021

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

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Lease cost under long-term operating leases	$	3,197	$	3,263	$	6,472	$	6,525
Lease cost under short-term operating leases	1,183		1,567		1,743		2,380
Variable lease cost under short-term and long-term operating leases	750		1,068		1,583		1,950
Total operating lease cost	$	5,130	$	5,898	$	9,798	$	10,855

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

	September 30, 2021		September 30, 2020
Right-of-use assets obtained in exchange for new operating lease liabilities	$	113	$	1,794

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

	September 30, 2021		March 31, 2021
Weighted average remaining lease term in years - operating leases	7.37		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 September 30, 2021 are as follows (in thousands):

Year ending March 31:
2022 (remaining six months)	$	6,654
2023	13,190
2024	10,549
2025	10,096
2026	9,086
Thereafter	29,285
Total lease payments	$	78,860
Less imputed interest	(10,724)
Present value of lease liabilities	$	68,136