Leases (Tables)

12 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of Components of Lease Expenses

The components of lease expenses are as follows:

	March 31, 2021		March 31, 2020
Operating lease expense	$	15,591,000	$	14,992,000
Finance lease expense		77,000		—
Short-term lease expense		174,000		323,000
Variable lease expense		328,000		124,000
Total lease expenses	$	16,170,000	$	15,439,000

Summary of Lease Related Assets and Liabilities Recorded in Balance Sheet Related to Operating Leases

The following table presents assets and liabilities recorded on the Company’s consolidated balance sheets related to its operating leases:

	March 31, 2021			March 31, 2020
Right-of-use asset, net	$	45,324,000		$	90,666,000
Short-term lease liability	$	12,765,000		$	13,223,000
Long-term lease liability		41,898,000			85,096,000
Total lease liabilities	$	54,663,000		$	98,319,000
Weighted average remaining lease term	5.42 years			8.27 years
Weighted average finance lease term	4.25 years				—
Weighted average discount rate		3.9	%		4.0	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases for fiscal years ended March 31, 2021 and 2020 were as follows:

	March 31, 2021		March 31, 2020
Cash paid for amounts included in the measurement    of operating lease liabilities	$	15,218,000	$	14,992,000
Operating lease liabilities arising from obtaining ROU assets	$	59,145,000	$	110,606,000
Finance lease liabilities arising from obtaining ROU assets	$	358,000	$	—
Reductions to ROU assets resulting from reductions to    operating lease liabilities	$	36,145,000	$	8,354,000

Summary of Maturities of Operating and Financing Lease Liabilities

As of March 31, 2021, maturities of operating and financing lease liabilities for each of the next five years and thereafter are as follows:

2022	$	14,217,000
2023		12,280,000
2024		8,649,000
2025		7,639,000
2026		5,858,000
Thereafter		12,425,000
Total lease payments		61,068,000
Less interest		(6,405,000	)
Total lease liabilities	$	54,663,000