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Lease Commitments (Tables)
12 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Elements of Lease Expense

The elements of lease expense were as follows:

 

 

 

Year ended March 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

4,414

 

 

$

3,694

 

Finance lease cost

 

 

 

 

 

 

 

 

Amortization of right-of-use asset

 

 

998

 

 

 

832

 

Interest on lease liabilities

 

 

129

 

 

 

119

 

Short-term lease cost

 

 

62

 

 

 

69

 

Total lease cost

 

$

5,603

 

 

$

4,714

 

Summary of Other Information Related to Leases

 

Other information related to leases was as follows:

 

 

 

Year ended March 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating leases - operating cash flows

 

$

3,793

 

 

$

3,043

 

Finance leases - financing cash flows

 

$

633

 

 

$

524

 

Finance leases - operating cash flows

 

$

129

 

 

$

119

 

Non-cash leases activity

 

 

 

 

 

 

 

 

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

 

$

332

 

 

$

5,160

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

$

130

 

 

$

969

 

 

 

 

As of March 31,

2021

 

 

As of March 31,

2020

 

Weighted average remaining lease terms (in years)

 

 

 

 

 

 

 

 

Operating leases

 

29.5

 

 

30

 

Finance leases

 

 

1.6

 

 

2.3

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

10.9

%

 

 

10.8

%

Finance leases

 

 

9.1

%

 

 

4.5

%

Schedule of Future Lease Payments Required Under Non-Cancellable Operating Leases

Future lease payments required under non-cancellable operating leases in effect as of March 31, 2021 were as follows:

 

 

 

March 31,

2021

 

 

March 31,

2020

 

2022

 

$

3,819

 

 

$

3,335

 

2023

 

 

3,295

 

 

 

3,319

 

2024

 

 

3,285

 

 

 

3,050

 

2025

 

 

3,334

 

 

 

3,055

 

2026

 

 

2,237

 

 

 

3,105

 

Thereafter

 

 

71,347

 

 

 

66,138

 

Total lease payments

 

$

87,317

 

 

$

82,002

 

Less : imputed interest

 

 

(62,963

)

 

 

(59,055

)

Total operating lease liabilities

 

$

24,354

 

 

$

22,947

 

Schedule of Future Lease Payments Required Under Finance Leases

Future lease payments required under finance leases in effect as of March 31, 2021 were as follows:

 

 

March 31,

2021

 

 

March 31,

2020

 

2022

 

$

935

 

 

$

720

 

2023

 

 

422

 

 

 

838

 

2024

 

 

42

 

 

 

349

 

2025

 

 

12

 

 

 

7

 

2026

 

 

 

 

 

 

Total lease payments

 

 

1,411

 

 

 

1,914

 

Less : imputed interest

 

 

(131

)

 

 

(199

)

Total finance lease liabilities

 

$

1,280

 

 

$

1,715