LEASES

12 Months Ended

Mar. 31, 2023

Leases [Abstract]

LEASES

LEASES

Supplemental balance sheet information related to leases is as follows (in thousands):

Operating leases	March 31, 2023		March 31, 2022
Operating lease right-of-use assets	$	10,291	$	11,107
Other current liabilities	$	1,364	$	1,727
Operating lease liability	10,169		9,891
Total operating lease liabilities	$	11,533	$	11,618

The components of lease expense were as follows (in thousands):

	Year Ended March 31,
Lease expense	2023		2022
Operating lease expense	$	4,276	$	3,727
Variable lease expense	753		643
Short-term lease expense	—		15
Total lease expense	$	5,029	$	4,385

Maturity of Lease Liabilities	Operating Leases
2023	$	2,700
2024	2,208
2025	1,781
2026	1,606
2027	1,436
Thereafter	13,262
Total lease payments	$	22,993
Less: Imputed interest	(11,460)
Present value of lease liabilities	$	11,533

Lease Term and Discount Rate	March 31,
	2023		2022
Weighted average remaining operating lease term (years)	10.85		10.88
Weighted average discount rate for operating leases	12.66	%	12.9	%

Operating cash outflows related to operating leases totaled $3.5 million and $3.7 million for the fiscal years ended March 31, 2023 and March 31, 2022, respectively.