XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2
LEASES (Tables)
3 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lease, Cost
The following table reports information about the Company's lease cost for the three months ended June 30, 2021 and 2020:
Three months ended June 30,
 20212020
Lease Cost
Finance lease cost$110,429 $— 
Amortization of right-of-use assets101,906 — 
Interest on lease liabilities8,523 — 
Operating lease cost$6,824,446 $7,069,662 
Short-term lease cost 1,800 
Variable lease cost932,363 879,650 
Total lease cost$7,977,667 $7,951,112 

The following table reports other information about the Company's leases for the three months ended June 30, 2021 and 2020:
Three months ended June 30,
 20212020
Other Lease Information
Cash paid for amounts included in the measurement of lease liabilities$6,974,357 $6,936,849 
Operating cash flows from finance leases8,523 — 
Operating cash flows from operating leases6,811,215 6,936,849 
Financing cash flows from finance leases154,619 — 
Right-of-use assets obtained in exchange for new finance lease liabilities — 
Right-of-use assets obtained in exchange for new operating lease liabilities(1)
$3,455,876 $4,123,442 
Weighted-average remaining lease term — finance leases0.7 years0.0 years
Weighted average remaining lease term — operating leases7.2 years7.2 years
Weighted-average discount rate (monthly) — finance leases6.4 %— %
Weighted-average discount rate — operating leases6.2 %6.6 %
Lessee, Operating Lease, Liability, Maturity The following table reports information about the maturity of the Company's operating leases as of June 30, 2021:
June 30, 2021
Operating lease liability maturity analysis
Fiscal 2022$19,577,011 
Fiscal 202322,507,371 
Fiscal 202418,369,057 
Fiscal 202513,527,921 
Fiscal 20269,639,212 
Fiscal 20275,668,322 
Thereafter26,624,620 
Total undiscounted lease liability115,913,514 
Imputed interest26,041,662 
Total discounted lease liability$89,871,852