Right-of-Use Assets and Lease Liabilities (Tables)

6 Months Ended

Sep. 30, 2020

Schedule of lease-related assets and liabilities recorded on the unaudited condensed consolidated balance sheet

The table below presents lease-related assets and liabilities recorded on the unaudited condensed consolidated balance sheet as follows:


	Classification	September 30, 2020
		(In thousands)
Assets
Operating lease right-of-use-assets - continuing operations	Right-of-use assets	$	12,035
Operating lease right-of-use-assets - discontinued operation	Asset held for sales - noncurrent	114
Total operating lease right-of-use-assets		$	12,149

Liabilities
Operating lease liabilities (short-term) - continuing operations	Accrued liabilities	$	1,931
Operating lease liabilities (short-term) - discontinued operation	Liabilities held for sales - current	94
		$	2,025
Operating lease liabilities (long-term) - continuing operations	Lease liabilities	10,992
Operating lease liabilities (long-term) - discontinued operation	Liabilities held for sales - noncurrent	310
		11,302
Total lease liabilities		$	13,327

Schedule of supplemental information related to operating leases

The table below presents supplemental information related to operating leases during the six months ended September 30, 2020 (in thousands, except weighted average information):


Cash paid for amounts included in the measurement of operating lease liabilities	$	1,383
Right-of-use assets obtained in exchange for new operating lease liabilities	$	310
Weighted average remaining lease term (in years)	6.4
Weighted average discount rate	4.9		%

Schedule of undiscounted cash flows

Maturities of lease liabilities as of September 30, 2020 were as follows:


Fiscal Year Ending March 31,	Operating Leases		Sublease Income		Net Operating Lease
(In thousands)
2021	$	1,412	$	55	$	1,357
2022	2,583		9		2,574
2023	2,454				2,454
2024	2,256				2,256
2025	2,072				2,072
Thereafter	4,896				4,896
Total lease payments	15,673		$	64	$	15,609
Less imputed interest	(2,346)
Present value of future lease payments	13,327
Less current obligations under leases	(2,025)
Long-term lease obligations	$	11,302