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LEASES (Tables)
9 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Lease Expense for Operating and Short-Term Leases

Lease expense for our operating and short-term leases is as follows:

 

 

For the Three Months Ended December 31,

 

 

For the Nine Months Ended December 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

1,921

 

 

$

1,953

 

 

$

6,148

 

 

$

5,351

 

Short-term Lease Cost

 

 

187

 

 

 

135

 

 

 

601

 

 

 

410

 

Total Lease Cost

 

$

2,108

 

 

$

2,088

 

 

$

6,749

 

 

$

5,761

 

Schedule of Balance Sheet Information Related to Leases

The Right-of-Use Assets and Lease Liabilities are reflected on our Balance Sheet as follows:

 

 

 

December 31,

 

 

March 31,

 

 

 

2023

 

 

2023

 

 

 

(dollars in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

20,670

 

 

$

20,759

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

8,217

 

 

$

6,009

 

Noncurrent Operating Lease Liabilities

 

 

20,685

 

 

 

24,940

 

Total Operating Lease Liabilities

 

$

28,902

 

 

$

30,949

 

 

Schedule of Future Payments for Operating Leases

Future payments for operating leases are as follows (dollars in thousands):

Fiscal Year

 

Amount

 

2024 (remaining three months)

 

$

2,269

 

2025

 

 

8,653

 

2026

 

 

4,776

 

2027

 

 

3,606

 

2028

 

 

2,735

 

Thereafter

 

 

13,664

 

Total Lease Payments

 

$

35,703

 

Less: Imputed Interest

 

 

(6,801

)

Present Value of Lease Liabilities

 

$

28,902

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

9.3

 

Weighted-Average Discount Rate

 

 

4.17

%