Leases (Tables)

12 Months Ended

Mar. 31, 2022

Schedule of lease expenses and other information

The components of lease expenses, which are included in operating expenses in our Consolidated Statements of Operations, were as follows:


	Year ended March 31,
(In thousands)	2022			2021
Operating leases expense	$	4,752		$	4,440
Finance lease expense:
Amortization of ROU assets		17			26
Interest on lease liabilities		2			5
Total finance lease expense		19			31
Variable lease costs		463			443
Short term lease expense		140			120
Sublease income		(782	)		(129	)
Total lease expense	$	4,592		$	4,905

Other information related to leases for fiscal 2022 and 2021 was as follows:


	Year ended March 31,
Supplemental cash flow information	2022			2021
Cash paid for amounts included in the measurement of lease liabilities (in thousands):
Operating cash flows for operating leases	$	5,536		$	5,987
Operating cash flows for finance leases		23			30
Financing cash flows for finance leases		19			24
ROU assets obtained in exchange for lease obligations (in thousands):
Operating leases	$	1,314		$	1,573
Weighted average remaining lease terms
Operating leases		3.08			4.39
Finance leases		1.43			1.44
Weighted average discount rates
Operating leases		7.62	%		10.51	%
Finance leases		4.50	%		4.46	%

Schedule of future minimum lease payments, finance leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the Consolidated Balance Sheet as of March 31, 2022:


(In thousands)	Operating leases (1)			Finance leases
Fiscal year ending March 31,
2023		5,222			5
2024		2,939			2
2025		1,846			—
2026		1,319			—
2027		880			—
Thereafter		—			—
Total undiscounted future minimum lease payments		12,206			7
Less: difference between undiscounted lease payments and discounted lease liabilities		(1,508	)		(1	)
Total lease liabilities	$	10,698		$	6

(1)

Non-cancellable sublease proceeds for the fiscal years ending March 31, 2023, and 2024 of $0.8 million and $0.7 million, respectively, are not included in the table above.

Schedule of future minimum lease payments, operating leases


(In thousands)	Operating leases (1)			Finance leases
Fiscal year ending March 31,
2023		5,222			5
2024		2,939			2
2025		1,846			—
2026		1,319			—
2027		880			—
Thereafter		—			—
Total undiscounted future minimum lease payments		12,206			7
Less: difference between undiscounted lease payments and discounted lease liabilities		(1,508	)		(1	)
Total lease liabilities	$	10,698		$	6

(1)

Non-cancellable sublease proceeds for the fiscal years ending March 31, 2023, and 2024 of $0.8 million and $0.7 million, respectively, are not included in the table above.