Leases (Tables)

9 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease, Cost

Lease expense was as follows (in thousands):

	Three-Months Ended December 31,				Nine-Months Ended December 31,
	2021		2020		2021		2020
Operating lease expense	$	1,465	$	1,072	$	4,397	$	3,269
Amortization of finance lease assets	29		—		29		—
Total lease expense	$	1,494	$	1,072	$	4,426	$	3,269

Lessee, Supplemental Cash Flows Information

Other information related to leases was as follows (dollars in thousands):

	As of
	December 31, 2021		March 31, 2021
Supplemental cash flow information related to leases was as follows:
Operating leases:
Operating lease right-of-use-assets	$	24,534	$	19,108
Operating lease liabilities	21,855		17,875
Operating lease liabilities, net of current portion	4,653		3,384
Total operating lease liabilities	$	26,508	$	21,259
Finance leases:
Property, plant and equipment, at cost	$	569	$	—
Accumulated depreciation	(29)		—
Property, plant and equipment, net	$	540	$	—
Finance lease obligations	$	423	$	—
Finance lease obligations, net of current portion	119		—
Total finance lease liabilities	$	542	$	—
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	1,724	$	1,076
Finance cash flows from finance leases	30		—
Additional lease information:
ROU assets obtained in exchange for operating lease obligations	$	1,032	$	—
ROU assets obtained in exchange for finance lease obligations	569		—
Reductions to ROU assets resulting from reductions to operating lease obligations	329		268
Weighted Average Remaining Lease Term:
Operating leases	5.89		6.94
Finance leases	4.75		—
Weighted Average Discount Rate:
Operating leases	5.00%		4.95%
Finance leases	2.08%		—%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities under non-cancellable leases were as follows (in thousands):

	As of
	December 31, 2021
	Operating leases		Finance leases
2022	$	1,344	$	120
2023	5,859		120
2024	5,422		120
2025	5,584		120
2026	4,520		90
Thereafter	8,158		—
Total undiscounted lease payments	30,887		570
Less imputed interest	(4,379)		(28)
Total lease liabilities	$	26,508	$	542