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Leases (Tables)
12 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
The following table presents lease assets and liabilities:
 
 
March 31, 2020
Operating Leases:
 
 
Right-of-use assets
 
$
70,045

Operating lease current liabilities
 
21,128

Operating lease non-current liabilities
 
51,215

Finance Leases:
 
 
Right-of-use assets
 
$
540

Finance lease current liabilities
 
162

Finance lease non-current liabilities
 
407



Components of Lease Expense
The components of lease expense for the fiscal year ended March 31, 2020 were as follows:
 
 
Classification
 
March 31, 2020
Operating Leases:
 
 
 
 
Operating lease cost
 
Operating expenses
 
$
28,855

Variable lease cost
 
Operating expenses
 
8,238

Short term lease cost
 
Operating expenses
 
7,553

Finance Leases:
 
 
 
 
Depreciation
 
Operating expenses
 
$
461

Interest expense
 
Interest expense
 
37

Total
 
 
 
$
45,144


Weighted Average Lease Term and Discount Rates
The following table presents the weighted average lease term and discount rates for leases as of March 31, 2020:
Operating Leases:
 
 
Weighted average remaining lease term (years)
 
5 years
Weighted average discount rate
 
5.17%
Finance Leases:
 
 
Weighted average remaining lease term (years)
 
3.5 years
Weighted average discount rate
 
4.92%

Maturity of Operating Lease Liability
The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2020:
 
 
Finance Leases
 
Operating Leases
Year ended March 31,
 
 
 
 
2021
 
$
192

 
$
24,603

2022
 
195

 
19,452

2023
 
154

 
12,951

2024
 
104

 
8,437

2025
 
15

 
5,552

Thereafter
 
10

 
13,138

Total undiscounted lease payments
 
670

 
84,133

Present value discount
 
101

 
11,790

Lease liability
 
$
569

 
$
72,343


Maturity of Finance Lease Liability
The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2020:
 
 
Finance Leases
 
Operating Leases
Year ended March 31,
 
 
 
 
2021
 
$
192

 
$
24,603

2022
 
195

 
19,452

2023
 
154

 
12,951

2024
 
104

 
8,437

2025
 
15

 
5,552

Thereafter
 
10

 
13,138

Total undiscounted lease payments
 
670

 
84,133

Present value discount
 
101

 
11,790

Lease liability
 
$
569

 
$
72,343


Supplemental Cash Flow Information Related to Leases
The following table presents supplemental disclosures of cash flow information related to leases for the fiscal year ended March 31, 2020:
 
 
March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from finance leases
 
$
37

Operating cash flows from operating leases
 
28,593

Financing cash flows from finance leases
 
461

Supplemental non-cash information on lease liabilities arising from right-of-use assets:
 
 
Right-of-use assets obtained in exchange for new finance lease liabilities
 
$

Right-of-use assets obtained in exchange for new operating lease liabilities
 
11,902






Schedule of Capital and Operating Leases
The Company’s future minimum lease payments under operating leases that have noncancelable terms in excess of one year as of March 31, 2019 are as follows:
 
 
 
2020
 
$
31,483

2021
 
24,290

2022
 
16,514

2023
 
11,596

2024
 
8,683

Thereafter
 
23,757

Total minimum lease payments
 
$
116,323