Leases (Tables)

9 Months Ended

Dec. 31, 2022

Leases [Abstract]

Balance Sheet Information for Leases

Balance sheet information for leases is as follows:

Leases	Classification	December 31, 2022		March 31, 2022
Assets:
Operating	Operating lease assets	$	85,407,000	$	81,997,000
Finance	Plant and equipment		6,157,000		7,470,000
Total leased assets		$	91,564,000	$	89,467,000
Liabilities:
Current
Operating	Operating lease liabilities	$	8,329,000	$	6,788,000
Finance	Other current liabilities		1,910,000		2,330,000
Long-term
Operating	Long-term operating lease liabilities		81,512,000		80,803,000
Finance	Other liabilities		2,600,000		3,425,000
Total lease liabilities		$	94,351,000	$	93,346,000

Lease Cost Recognized in Consolidated Statements of Operations

Lease cost recognized in the condensed consolidated statements of operations is as follows:

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Lease cost
Operating lease cost	$	3,232,000	$	3,134,000	$	9,527,000	$	9,325,000
Short-term lease cost		340,000		361,000		1,353,000		1,112,000
Variable lease cost		164,000		225,000		528,000		716,000
Finance lease cost:
Amortization of finance lease assets		503,000		515,000		1,531,000		1,579,000
Interest on finance lease liabilities		68,000		83,000		200,000		269,000
Total lease cost	$	4,307,000	$	4,318,000	$	13,139,000	$	13,001,000

Maturity of Lease Commitments

Maturities of lease commitments at December 31, 2022 by fiscal year were as follows:

Maturity of lease liabilities	Operating Leases			Finance Leases			Total
2023 - remaining three months	$	3,335,000		$	600,000		$	3,935,000
2024		13,364,000			1,915,000			15,279,000
2025		12,498,000			1,414,000			13,912,000
2026		12,065,000			682,000			12,747,000
2027		10,782,000			191,000			10,973,000
Thereafter		64,621,000			44,000			64,665,000
Total lease payments		116,665,000			4,846,000			121,511,000
Less amount representing interest		(26,824,000	)		(336,000	)		(27,160,000	)
Present value of lease liabilities	$	89,841,000		$	4,510,000		$	94,351,000

Other Information about Leases

Other information about leases is as follows:

	December 31, 2022			March 31, 2022
Lease term and discount rate
Weighted-average remaining lease term (years):
Finance leases		2.7			2.9
Operating leases		9.2			10.4
Weighted-average discount rate:
Finance leases		5.4	%		5.1	%
Operating leases		5.8	%		5.7	%