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Leases (Tables)
12 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet information related to our operating leases:

 

 

 

March 31, 2020

 

 

 

(in $000's)

 

Assets

 

 

 

 

Operating lease right-of-use assets in other assets

 

$

11,760

 

Liabilities

 

 

 

 

Operating lease liabilities in other current liabilities

 

 

3,671

 

Operating lease liabilities in other long-term liabilities

 

 

8,549

 

Total operating lease liabilities

 

$

12,220

 

Maturities of Operating Lease Liabilities

 

 

 

Maturities of operating lease liabilities as of March 31, 2020 are as follows:

 

(in thousands, except lease term and discount rate)

 

 

 

 

 

 

Fiscal Years Ended March 31,

 

 

 

 

2021

 

$

4,047

 

2022

 

 

2,776

 

2023

 

 

1,656

 

2024

 

 

1,539

 

2025

 

 

1,430

 

Thereafter

 

 

1,988

 

Total minimum lease payments

 

 

13,436

 

Less: imputed interest

 

 

(1,216

)

Present value of operating lease liabilities

 

$

12,220

 

 

 

 

 

 

Weighted average remaining lease term

 

5.14

 

 

 

 

 

 

Weighted average discount rate

 

 

3.12

%

Minimum Future Lease Payments

Minimum future lease payments previously disclosed under ASC 840 in the Company’s Annual Report on Form 10-K for the year ended March 31, 2019 were as follows:

 

Fiscal Years Ended March 31,

 

(in $000's)

 

2020

 

$

3,398

 

2021

 

 

2,712

 

2022

 

 

2,000

 

2023

 

 

1,462

 

2024

 

 

1,414

 

Thereafter

 

 

3,288

 

Total minimum lease payments

 

$

14,274