Leases of Lessess (Tables)

6 Months Ended

Sep. 30, 2022

Leases of Lessees [Abstract]

Schedule of supplemental balance sheet information related to leases [Table Text Block]

The following table sets forth the right-of-use assets and lease liabilities for operating leases included in the Company’s consolidated balance sheet:

(in thousands of dollars)	September 30, 2022		September 30, 2021		March 31, 2022
Assets
Operating lease right-of-use assets	$	43,278	$	33,790	$	40,243
Liabilities
Current portion of operating lease liabilities	$	10,735	$	8,985	$	10,303
Long-term operating lease liabilities	27,905		22,530		29,617
Total operating lease liabilities	$	38,640	$	31,515	$	39,920

Schedule of supplemental income statement information related to leases [Table Text Block]

The following table sets forth the location and amount of operating lease costs included in the Company's consolidated statements of income:

	Three Months Ended September 30,				Six Months Ended September 30,
(in thousands of dollars)	2022		2021		2022		2021
Income Statement Location
Cost of goods sold	$	2,632	$	2,721	$	5,336	$	5,299
Selling, general, and administrative expenses	2,718		2,261		5,221		4,566
Total operating lease costs(1)	$	5,350	$	4,982	$	10,557	$	9,865

(1)Includes variable operating lease costs.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table reconciles the undiscounted cash flows to the operating lease liabilities in the Company’s consolidated balance sheet:

(in thousands of dollars)	September 30, 2022
Maturity of Operating Lease Liabilities
2023 (excluding the six months ended September 30, 2022)	$	6,498
2024	11,325
2025	8,983
2026	5,744
2027	4,379
2028 and thereafter	8,545
Total undiscounted cash flows for operating leases	$	45,474
Less: Imputed interest	(6,834)
Total operating lease liabilities	$	38,640

Supplemental information related to operating leases [Table Text Block]

The following table sets forth supplemental information related to operating leases:

	Three Months Ended September 30,				Six Months Ended September 30,
(in thousands, except lease term and incremental borrowing rate)	2022		2021		2022			2021
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,378	$	2,840	$	6,668		$	5,617
Right-of-use assets obtained in exchange for new operating leases	6,198		6,310		10,725			9,051
Weighted Average Remaining Lease Term (years)					5.13			5.51
Weighted Average Collateralized Incremental Borrowing Rate					5.68		%	4.02		%