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

9 Months Ended

Dec. 31, 2023

Lessee Disclosure [Abstract]

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 balance sheet as follows:

	Classification	December 31, 2023		March 31, 2023
		(In thousands)
Assets
Operating lease right-of-use-assets	Right-of-use assets	$	7,332	$	8,345
Total operating lease right-of-use-assets		$	7,332	$	8,345
Liabilities
Operating lease liabilities (short-term)	Accrued liabilities	$	2,345	$	2,339
Operating lease liabilities (long-term)	Lease liabilities	6,301		7,641
Total lease liabilities		$	8,646	$	9,980

Schedule of Supplemental Information Related to Operating Leases

Information related to the Company right-of-use assets and related operating lease liabilities were as follows:

	Nine Months Ended December 31,
	2023			2022
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$	2,024		$	1,063
Weighted average remaining lease term (in years)	3.30			4.08
Weighted average discount rate	4.8		%	4.8		%

Schedule of Undiscounted Cash Flows

Maturities of lease liabilities as of December 31, 2023 were as follows:

Fiscal Year Ending March 31,	Operating Leases
(In thousands)
2024	$	685
2025	2,585
2026	2,288
2027	2,311
2028	1,355
Thereafter	227
Total lease payments	9,451
Less imputed interest	(805)
Present value of future lease payments	8,646
Less current obligations under leases	(2,345)
Long-term lease obligations	$	6,301