Leases (Tables)

3 Months Ended

Jun. 30, 2020

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, 2020, are as follows:

in thousands
FY2021 (remaining nine months)	$	1,019
FY2022		932
FY2023		516
FY2024		84
FY2025		46
Thereafter	$	182
Total future minimum lease payments		2,779
Present value adjustment		(369	)
Operating lease liability	$	2,410

Schedule of lease cost

The following table reports information about the Company’s lease cost for the three months ended June 30, 2020 (in thousands):

Lease cost:
Operating lease cost	$	411
Variable lease cost		97
Total lease cost	$	508

The following table reports information about the Company’s lease cost for the three months ended June 30, 2019 (in thousands):

Lease cost:
Operating lease cost	$	466
Variable lease cost		116
Total lease cost	$	582

Schedule of other lease information

The following table reports other information about the Company’s leases for the three months ended June 30, 2020 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	428
Operating Lease - Operating Cash Flows (Liability Reduction)	$	386
Weighted Average Lease Term - Operating Leases		3.0 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, 2019 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	481
Operating Lease - Operating Cash Flows (Liability Reduction)	$	442
Weighted Average Lease Term - Operating Leases		2.0 years
Weighted Average Discount Rate - Operating Leases		6.5%