LEASES (Tables)

12 Months Ended

Mar. 31, 2023

Leases [Abstract]

Summary of Assets Leased from Third Parties

A summary of Orion’s assets leased from third parties follows (dollars in thousands):

	Balance sheet classification	March 31, 2023		March 31, 2022
Assets
Operating lease assets	Other long-term assets	$	2,174	$	2,440
Liabilities
Current liabilities
Operating lease liabilities	Accrued expenses and other		823		768
Non-current liabilities
Operating lease liabilities	Other long-term liabilities		1,826		2,271
Total lease liabilities		$	2,649	$	3,039

Summary of Estimated Maturity of Lease Liabilities

The estimated maturity of lease liabilities for each of the next five years is shown below (dollars in thousands):

Maturity of Lease Liabilities	Operating Leases
Fiscal 2024	$	946
Fiscal 2025		949
Fiscal 2026		845
Fiscal 2027		142
Thereafter		—
Total lease payments	$	2,882
Less: Interest		(233	)
Present value of lease liabilities	$	2,649

Schedule of Revenue and Cost of Sales Arising from Sales-Type Leases

The following chart shows the amount of revenue and cost of sales arising from sales-type leases during the year ended March 31, 2023, 2022 and 2020 (dollars in thousands):

	March 31, 2023		March 31, 2022		March 31, 2021
Product revenue	$	2,818	$	1,169	$	2,758
Cost of product revenue		2,771		1,073		2,512