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

3 Months Ended

Jun. 30, 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	June 30, 2023		March 31, 2023
		(In thousands)		(In thousands)
Assets
Operating lease right-of-use-assets	Right-of-use assets	$	7,955	$	8,345
Total operating lease right-of-use-assets		$	7,955	$	8,345
Liabilities
Operating lease liabilities (short-term)	Accrued liabilities	$	2,253	$	2,339
Operating lease liabilities (long-term)	Lease liabilities	7,122		7,641
Total lease liabilities		$	9,375	$	9,980

Schedule of supplemental information related to operating leases

The table below presents supplemental information related to operating leases during the three months ended June 30, 2023 (in thousands, except weighted average information):

Cash paid for amounts included in the measurement of operating lease liabilities	$	673
Weighted average remaining lease term (in years)	3.9
Weighted average discount rate	4.7		%

Schedule of undiscounted cash flows

Maturities of lease liabilities as of June 30, 2023 were as follows:

Fiscal Year Ending March 31,	Operating Leases
(In thousands)
2024	$	1,972
2025	2,459
2025	2,178
2027	2,207
2028	1,315
Thereafter	204
Total lease payments	10,335
Less imputed interest	(960)
Present value of future lease payments	9,375
Less current obligations under leases	(2,253)
Long-term lease obligations	$	7,122