Leases (Tables)

3 Months Ended

Jun. 30, 2022

Leases [Abstract]

Summary of future minimum lease payments under non-cancellable operating leases

Future minimum lease payments under non-cancellable operating leases in effect as of June 30, 2022, are as follows:

in thousands
FY2023 (remaining nine months)	$	1,251
FY2024		1,215
FY2025		972
FY2026		581
FY2027		298
Thereafter	$	482
Total future minimum lease payments		4,799
Present value adjustment		(571	)
Operating lease liability	$	4,228

Schedule of lease cost

The following table reports information about the Company’s lease cost for the three months ended June 30, 2022 (in thousands):

Lease cost:
Operating lease cost	$	458
Variable lease cost		95
Total lease cost	$	553

The following table reports information about the Company’s lease cost for the three months ended June 30, 2021 (in thousands):

Lease cost:
Operating lease cost	$	390
Variable lease cost		86
Total lease cost	$	476

Schedule of other lease information

The following table reports other information about the Company’s leases for the three months ended June 30, 2022 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	445
Operating Lease - Operating Cash Flows (Liability Reduction)	$	379
Weighted Average Lease Term - Operating Leases		4.0 years
Weighted Average Discount Rate - Operating Leases		6.5%

The following table reports other information about the Company’s leases for the three months ended June 30, 2021 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	385
Operating Lease - Operating Cash Flows (Liability Reduction)	$	335
Weighted Average Lease Term - Operating Leases		3.0 years
Weighted Average Discount Rate - Operating Leases		6.5%