Leases (Tables)

6 Months Ended

Sep. 30, 2019

Supplemental cash flow information related to leases for the three and six month periods ended September 30, 2019 is as follows (amounts in thousands):



	Three Months Ended September 30, 2019		Six Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	2,610	$	5,532
Operating cash flows used for finance leases	43		73
Financing cash flows used for finance leases	378		745
	$	3,031	$	6,350

Lease liabilities arising from obtaining ROU assets
Operating leases	$	159	$	2,134
Finance leases	773		1,178
	$	932	$	3,312

The components of lease expense for the three and six month periods ended September 30, 2019 are as follows (amounts in thousands):



	Three Months Ended September 30, 2019			Six Months Ended September 30, 2019
Operating lease expense
Operating lease cost	$	2,641		$	5,045
Variable lease cost and other, net ⁽¹⁾	277			554
Short-term lease cost	3			3
Sublease income	(27		)	(27		)
Finance lease expense
Amortization of right-of-use assets	343			594
Interest	48			64
Total lease expense	$	3,285		$	6,233

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⁽¹⁾ Predominantly includes common area maintenance and parking expenses.

Assets And Liabilities, Lessee

Supplemental balance sheet information related to operating and finance leases as of September 30, 2019 is as follows (amounts in thousands, except lease term and discount rate):



	Balance Sheet Location	September 30, 2019
Lease assets
Operating lease ROU assets	Other assets	$	29,453
Finance lease ROU assets⁽¹⁾	Property, plant and equipment, net of accumulated depreciation	2,735
		$	32,188

Lease liabilities
Current operating lease liabilities	Accrued expenses	$	7,825
Current finance lease liabilities	Accrued expenses	1,091
Non-current operating lease liabilities	Other non-current obligations	21,797
Non-current finance lease liabilities	Other non-current obligations	1,567
		$	32,280

Weighted average remaining lease term
Operating leases		6.44 years
Finance leases		3.08 years

Weighted average discount rate
Operating leases		4.79		%
Finance leases		5.48		%

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⁽¹⁾ Finance lease ROU assets are shown net of accumulated depreciation of $3.5 million.

Finance Lease, Liability, Maturity

Maturities of operating and finance lease liabilities as of September 30, 2019 were as follows (amounts in thousands):



Fiscal year ending March 31,	Operating Lease Liabilities			Finance Lease Liabilities
2020 (six months ending March 31, 2020)	$	4,785		$	704
2021	7,592			973
2022	4,377			616
2023	3,957			362
2024	3,362			95
Thereafter	11,440			137
Total undiscounted cash flows	$	35,513		$	2,887
Less imputed interest	(5,883		)	(228		)
Present value of lease liabilities	$	29,630		$	2,659

Lessee, Operating Lease, Liability, Maturity

Maturities of operating and finance lease liabilities as of September 30, 2019 were as follows (amounts in thousands):



Fiscal year ending March 31,	Operating Lease Liabilities			Finance Lease Liabilities
2020 (six months ending March 31, 2020)	$	4,785		$	704
2021	7,592			973
2022	4,377			616
2023	3,957			362
2024	3,362			95
Thereafter	11,440			137
Total undiscounted cash flows	$	35,513		$	2,887
Less imputed interest	(5,883		)	(228		)
Present value of lease liabilities	$	29,630		$	2,659