Leases (Tables)

9 Months Ended

Dec. 31, 2019

Operating Leased Assets [Line Items]

Lease, Cost [Table Text Block]

The following table reports information about the Company's lease cost for the three and nine months ended December 31, 2019:

	Three months ended December 31,		Nine months ended December 31,
	2019		2019
Lease Cost
Operating lease cost	$	6,601,472	$	19,163,096
Short-term lease cost	1,800		1,800
Variable lease cost	838,037		2,451,326
Total lease cost	$	7,441,309	$	21,616,222

Lessee, Operating Lease, Disclosure [Table Text Block]

The following table reports other information about the Company's leases for the three and nine months ended December 31, 2019:

	Three months ended December 31,			Nine months ended December 31,
	2019			2019
Other Lease Information
Cash paid for amounts included in the measurement of lease liabilities	$	6,491,489		$	18,705,645
Right-of-use assets obtained in exchange for new operating lease liabilities(1)	$	7,415,386		$	43,886,364
Weighted average remaining lease term — operating leases	8.5 years			8.5 years
Weighted-average discount rate — operating leases	6.7		%	6.7		%

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⁽¹⁾ In May 2019 the Company executed a new 10 year lease agreement for its corporate headquarters in Greenville, SC. The lease payments commenced in December 2019; however, execution of the lease agreement triggered recognition of the right-of-use asset in May 2019 for approximately $26.9 million.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table reports information about the maturity of the Company's operating leases as of December 31, 2019:

Operating lease liability maturity analysis
FY2020	$	6,690,818
FY2021	25,726,405
FY2022	22,452,247
FY2023	18,304,992
FY2024	14,089,836
FY2025	9,941,949
Thereafter	33,919,064
Total undiscounted lease liability	$	131,125,311
Imputed interest	7,457,809
Total discounted lease liability	$	123,667,502