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LEASES (Tables)
6 Months Ended
Sep. 30, 2019
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 September 30, 2019

 

 

For the Six

Months Ended

September 30, 2019

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

3,962

 

 

$

7,909

 

Short-term Lease Cost

 

 

498

 

 

 

1,082

 

Total Lease Cost

 

$

4,460

 

 

$

8,991

 

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

 

 

 

 

 

For the Six

Months Ended

September 30, 2019

 

 

 

(dollars in thousands)

 

Operating Leases:

 

 

 

 

Operating Lease Right of Use Assets

 

$

63,526

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

11,315

 

Noncurrent Operating Lease Liabilities

 

 

56,586

 

Total Operating Lease Liabilities

 

$

67,901

 

Schedule of Future Payments for Operating Leases

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

 

 

 

 

 

 

Fiscal Year

 

Amount

 

2020 (remaining six months)

 

$

7,103

 

2021

 

 

12,108

 

2022

 

 

10,618

 

2023

 

 

10,131

 

2024

 

 

8,585

 

Thereafter

 

 

33,579

 

Total Lease Payments

 

$

82,124

 

Less: Imputed Interest

 

 

(14,223

)

Present Value of Lease Liabilities

 

$

67,901

 

 

 

 

 

 

Weighted Average Remaining Lease Term (in years)

 

 

8.8

 

Weighted Average Discount Rate

 

 

3.75

%

Schedule of Future Minimum Lease Payments

As disclosed in our March 31, 2019 Form 10-K, future minimum lease payments were as follows (dollars in thousands):

 

 

 

 

 

Fiscal Year

 

Amount

 

2020

 

$

14,613

 

2021

 

 

11,487

 

2022

 

 

9,979

 

2023

 

 

9,784

 

2024

 

 

8,347

 

Thereafter

 

 

24,793

 

Total Lease Payments

 

$

79,003