Lease Accounting |
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Lease Accounting | 3. Lease Accounting The Company has operating leases for office space, a manufacturing facility, warehouse, research and development facilities and equipment. Leases with terms of 12 months or less are not recorded on the balance sheet, as the related lease expenses are recognized on a straight-line basis over the lease term. The Company accounts for lease components (such as fixed payments) separately from non-lease components (such as common area expenses). The weighted average lease terms and discounts rates are as follows:
As of March 31, 2023, the maturity of lease liabilities are as follows (in thousands):
Supplemental lease cost information are as follows (in thousands):
Supplemental balance sheet information are as follows (in thousands):
Supplemental cash flow information are as follows (in thousands):
See Note 6 for further details of the Company’s lease commitments. |