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Leases (Tables)
12 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Costs

The components of operating lease expense for the Company were as follows (in thousands):

 

     Years Ended March 31,  
     2021      2020  

Operating lease cost

   $ 11,931    $ 11,515

Short-term lease cost

     237      872

Variable lease cost

     704      379
  

 

 

    

 

 

 

Total operating lease cost

   $ 12,872    $ 12,766
  

 

 

    

 

 

 
Summary of Operating Lease ROU Assets and Operating Lease Liabilities

Information related to the Company’s operating lease ROU assets and operating lease liabilities was as follows (in thousands, except periods and percentages):

 

     During the Year
Ended March 31,
 
     2021      2020  

Cash paid for operating lease liabilities

   $ 8,830    $ 8,108

Operating lease ROU assets obtained in exchange for operating lease liabilities

   $ 5,491    $ 56,025

 

     March 31, 2021     March 31, 2020  

Weighted average remaining lease term (in years)

     9.6     10.2

Weighted average discount rate

     7.1     7.1
Schedule of Maturities of Operating Lease Liabilities

As of March 31, 2021, maturities of operating lease liabilities were as follows (in thousands):

 

Years Ending March 31,

      

2022

   $ 13,386

2023

     11,814

2024

     11,718

2025

     9,734

2026

     8,617

Thereafter

     51,674
  

 

 

 

Total lease payments

     106,943

Less: present value adjustment

     (29,348

Less: tenant improvement allowance

     (2,898
  

 

 

 

Total

   $ 74,697