LEASES:

9 Months Ended

Dec. 31, 2021

Right-of-use assets and lease liabilities balances consist of the following (dollars in thousands):



	December 31, 2021			March 31, 2021
Right-of-use assets included in other assets, net	$	58,751		$	11,731
Short-term lease liabilities included in other accrued expenses	$	7,158		$	9,608
Long-term lease liabilities included in other liabilities	$	52,997		$	4,158

Supplemental balance sheet information:
Weighted average remaining lease term	6.7 years			1.8 years
Weighted average discount rate	3.6		%	5.0		%

The Company leases its office facilities under non-cancellable operating leases that expire at various dates through fiscal 2030. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property service fees, and other factors. Operating lease costs were $8.1 million and $8.7 million for the nine months ended December 31, 2021 and 2020, respectively.

In the quarter ended September 30, 2021, the Company negotiated lease extensions at three of its leased office space locations. The lease period extensions ranged from 2 to 7 years and included the lease extension of the Company's primary corporate headquarters in San Francisco, California by 7 years. As a result, approximately $35.7 million of right-of-use assets and lease liabilities were recognized in the condensed consolidated balance sheets and as supplemental information to the condensed consolidated statements of cash flows.

In the quarter ended December 31, 2021, the Company negotiated lease extensions at one other leased office space location and new leases for two other office locations. The lease periods ranged from 7 to 8 years. As a result, approximately $17.2 million of right-of-use assets and lease liabilities were recognized in the condensed consolidated balance sheets and as supplemental information to the condensed consolidated statements of cash flows.

Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of December 31, 2021 are as follows (dollars in thousands):


	Amount
Fiscal 2022	$	2,632
Fiscal 2023	7,638
Fiscal 2024	10,336
Fiscal 2025	9,500
Fiscal 2026	10,062
Thereafter	28,364
Total undiscounted lease commitments	68,532
Less: Interest and short-term leases	8,377
Total discounted operating lease liabilities	$	60,155

Future minimum payments as of December 31, 2021 related to restructuring plans as a result of the Company's exit from certain leased office facilities (see Note 14) are as follows (dollars in thousands): Fiscal 2022: $661; Fiscal 2023: $2,663; Fiscal 2024: $2,698; Fiscal 2025: $2,698; and Fiscal 2026: $1,799.