Leases (Tables)

3 Months Ended

Jun. 30, 2021

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, 2021, are as follows:

in thousands
FY2022 (remaining nine months)	$	1,110
FY2023		1,181
FY2024		693
FY2025		481
FY2026		253
Thereafter	$	20
Total future minimum lease payments		3,738
Present value adjustment		(328	)
Operating lease liability	$	3,410

Schedule of lease cost

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

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

Schedule of other lease information

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%

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%