XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
LEASES (Tables)
 9 Months Ended
Dec. 31, 2021
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, 2021 and 2020 were as follows (in thousands):
Three Months EndedNine Months Ended
December 31,December 31,
2021202020212020
Lease cost under long-term operating leases$3,187 $3,277 $9,659 $9,803 
Lease cost under short-term operating leases1,247 804 2,990 3,184 
Variable lease cost under short-term and long-term operating leases925 895 2,508 2,845 
      Total operating lease cost$5,359 $4,976 $15,157 $15,832 

The table below presents supplemental cash flow information related to leases during the nine months ended December 31, 2021 and 2020 (in thousands):
December 31, 2021December 31, 2020
Right-of-use assets obtained in exchange for new operating lease liabilities$2,461 $1,902 

At December 31, 2021 and March 31, 2021, the weighted average remaining lease term in years and weighted average discount rate were as follows:
December 31, 2021March 31, 2021
Weighted average remaining lease term in years - operating leases7.207.70
Weighted average discount rate - operating leases4.0 %4.1 %
Future Minimum Payments Under Non-Cancellable Leases
Future minimum payments under non-cancellable leases at December 31, 2021 are as follows (in thousands):
Year ending March 31:
2022 (remaining three months)$2,704 
202313,316 
202411,047 
202510,737 
20269,685 
Thereafter29,841 
     Total lease payments$77,330 
     Less imputed interest(10,218)
     Present value of lease liabilities$67,112