LEASES (Tables)

9 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost

The following table reports information about the Company's lease cost for the three and nine months ended December 31, 2020 and 2019:

	Three months ended December 31,				Nine months ended December 31,
	2020		2019		2020		2019
Lease Cost
Operating lease cost	$	6,939,330	$	6,636,596	$	21,027,265	$	19,289,946
Short-term lease cost	—		1,800		1,800		1,800
Variable lease cost	882,559		835,637		2,659,932		2,450,322
Total lease cost	$	7,821,889	$	7,474,033	$	23,688,997	$	21,742,068

The following table reports other information about the Company's leases for the three and nine months ended December 31, 2020 and 2019:

	Three months ended December 31,						Nine months ended December 31,
	2020			2019			2020			2019
Other Lease Information
Cash paid for amounts included in the measurement of lease liabilities	$	6,845,544		$	6,515,141		$	20,694,712		$	18,818,335
Right-of-use assets obtained in exchange for new operating lease liabilities(1)	$	2,116,215		$	8,182,788		$	9,748,709		$	31,476,079
Weighted average remaining lease term — operating leases	7.3 years			8.5 years			7.3 years			8.5 years
Weighted-average discount rate — operating leases	6.3		%	6.7		%	6.3		%	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, South Carolina. 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 $15.6 million.

Lessee, Operating Lease, Liability, Maturity

The following table reports information about the maturity of the Company's operating leases as of December 31, 2020:

	December 31, 2020
Operating lease liability maturity analysis
Fiscal 2021	$	6,779,218
Fiscal 2022	24,901,962
Fiscal 2023	20,560,663
Fiscal 2024	16,573,622
Fiscal 2025	12,182,488
Fiscal 2026	8,500,529
Thereafter	30,535,307
Total undiscounted lease liability	120,033,789
Imputed interest	25,649,254
Total discounted lease liability	$	94,384,535