LEASES (Tables)

12 Months Ended

Mar. 31, 2022

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, 2022		March 31, 2021
Assets
Operating lease assets	Other long-term assets	$	2,440	$	2,585
Liabilities
Current liabilities
Operating lease liabilities	Accrued expenses and other		768		647
Non-current liabilities
Operating lease liabilities	Other long-term liabilities		2,271		2,642
Total lease liabilities		$	3,039	$	3,289

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 2023	$	939
Fiscal 2024		838
Fiscal 2025		828
Fiscal 2026		722
Thereafter		71
Total lease payments	$	3,398
Less: Interest		(359	)
Present value of lease liabilities	$	3,039

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, 2022, 2021 and 2020 (dollars in thousands):

	March 31, 2022		March 31, 2021		March 31, 2020
Product revenue	$	1,169	$	2,758	$	1,362
Cost of product revenue		1,073		2,512		1,208