Leases (Tables)

3 Months Ended

Jun. 30, 2023

Leases [Abstract]

Balance Sheet Information for Leases

Balance sheet information for leases is as follows:

Leases	Classification	June 30, 2023		March 31, 2023
Assets:
Operating	Operating lease assets	$	88,760,000	$	87,619,000
Finance	Plant and equipment		5,001,000		5,549,000
Total leased assets		$	93,761,000	$	93,168,000
Liabilities:
Current
Operating	Operating lease liabilities	$	8,914,000	$	8,767,000
Finance	Other current liabilities		1,802,000		1,851,000
Long-term
Operating	Long-term operating lease liabilities		77,013,000		79,318,000
Finance	Other liabilities		2,333,000		2,742,000
Total lease liabilities		$	90,062,000	$	92,678,000

Lease Cost Recognized in Consolidated Statement of Operations

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

	Three Months Ended
	June 30,
	2023		2022
Lease cost
Operating lease cost	$	3,742,000	$	3,165,000
Short-term lease cost		293,000		454,000
Variable lease cost		186,000		185,000
Finance lease cost:
Amortization of finance lease assets		403,000		539,000
Interest on finance lease liabilities		62,000		68,000
Total lease cost	$	4,686,000	$	4,411,000

Maturity of Lease Commitments

Maturities of lease commitments at June 30, 2023 by fiscal year were as follows:

Maturity of lease liabilities	Operating Leases			Finance Leases			Total
2024 - remaining nine months	$	10,383,000		$	1,521,000		$	11,904,000
2025		12,352,000			1,576,000			13,928,000
2026		12,042,000			844,000			12,886,000
2027		10,822,000			353,000			11,175,000
2028		10,725,000			194,000			10,919,000
Thereafter		53,929,000			2,000			53,931,000
Total lease payments		110,253,000			4,490,000			114,743,000
Less amount representing interest		(24,326,000	)		(355,000	)		(24,681,000	)
Present value of lease liabilities	$	85,927,000		$	4,135,000		$	90,062,000

Other Information about Leases

Other information about leases is as follows:

	June 30, 2023			March 31, 2023
Lease term and discount rate
Weighted-average remaining lease term (years):
Finance leases		2.7			2.9
Operating leases		8.9			9.0
Weighted-average discount rate:
Finance leases		5.9	%		5.9	%
Operating leases		5.8	%		5.8	%