LEASES (Tables)

3 Months Ended

Jun. 30, 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	June 30, 2022		March 31, 2022
Assets
Operating lease assets	Other long-term assets	$	2,283	$	2,440
Liabilities
Current liabilities
Operating lease liabilities	Accrued expenses and other	$	784	$	768
Non-current liabilities
Operating lease liabilities	Other long-term liabilities		2,068		2,271
Total lease liabilities		$	2,852	$	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 2023	$	857
Fiscal 2024		838
Fiscal 2025		828
Fiscal 2026		722
Fiscal 2027		71
Total lease payments	$	3,316
Less: Interest		(464	)
Present value of lease liabilities	$	2,852

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 three months ended June 30, 2022 and June 30, 2021 (dollars in thousands):

	Three Months Ended June 30,
	2022		2021
Product revenue	$	—	$	552
Cost of product revenue	$	—	$	480