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

9 Months Ended

Dec. 31, 2019

Right-of-Use Assets and Lease Liabilities

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

	Classification	December 31, 2019
		(In thousands)
Assets
Operating lease right-of-use-assets	Right-of-use assets	$	13,082
Liabilities
Operating lease liabilities (short-term)	Accrued liabilities	$	1,870
Operating lease liabilities (long-term)	Lease liabilities		12,075
Total lease liabilities		$	13,945

Schedule of supplemental information related to operating leases

The table below presents supplemental information related to operating leases during the nine months ended December 31, 2019 (in thousands, except weighted average information):

Cash paid for amounts included in the measurement of operating lease liabilities	$	638
Right-of-use assets obtained in exchange for new operating lease liabilities		157
Weighted average remaining lease term		7.2
Weighted average discount rate		5.0	%

Schedule of undiscounted cash flows

Fiscal Year Ending March 31,
(In thousands)
Remainder of 2020	$	634
2021		2,509
2022		2,328
2023		2,195
2024		2,137
Thereafter		6,859
Total lease payments		16,662
Less imputed interest		(2,717)
Present value of future lease payments		13,945
Less current obligations under leases		(1,870)
Long-term lease obligations	$	12,075

Schedule of Minimum lease payments under operating leases with non-cancelable terms in excess of one year

Fiscal Year Ending March 31,
(In thousands)
2020	$	2,408
2021		2,150
2022		1,981
2023		548
2024		177
Thereafter		—
Total minimum lease payments	$	7,264