8. Leases

We lease office space, other facilities, office equipment for internal use, vehicles and bulk invoice pricing and mailing related equipment for customer solutions. Our lease portfolio includes both operating and finance leases with original terms ranging from one to 15 years.

Statement of Operations Information

The components of lease cost are as follows:


		Three Months Ended
	Statement of Operations Location	June 30, 2020
Operating lease cost	(1)	$	10,472
Finance lease cost
Amortization expense	Depreciation and amortization		79
Interest expense	Interest expense, net		33
Short-term lease cost	(1)		242
Variable lease cost	(1)		1,842
Sublease income	Other, net		(307)
Total lease cost		$	12,361

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Cost classification varies depending on the leased asset. Costs are primarily included within sales, marketing, general and administrative and cost of operations.

Balance Sheet Information

Right-of-use assets and lease liabilities are as follows:


	Balance Sheet Location	June 30, 2020
Right-of-use assets
Operating leases	Operating lease right-of-use assets, net	$	115,184
Finance leases	Property and equipment, net		2,207
Total right-of-use assets		$	117,391

Lease liabilities
Current liabilities
Operating leases	Current portion of operating lease liabilities	$	32,753
Finance leases	Current portion of long-term debt		592
Noncurrent liabilities
Operating leases	Long-term operating lease liabilities		95,514
Finance leases	Long-term debt, excluding current portion		1,640
Total lease liabilities		$	130,499

Cash Flow Information

Supplemental cash flow information is as follows:


	Three Months Ended June 30, 2020
	Operating Leases			Finance Leases
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows	$	10,260	$	33
Financing cash flows	$	—	$	179
Non-cash activities
Right-of-use assets obtained in exchange for lease liabilities (1)	$	11,377	$	363

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Amounts exclude the impact of adopting ASC 842. See Note 2, Significant Accounting Policies.

Maturity of Lease Liabilities

Maturities of lease liabilities by fiscal year as of June 30, 2020 are as follows:


	Operating Leases			Finance Leases		Total
Remainder of 2021	$	30,941	$	529	$	31,470
2022		36,708		664		37,372
2023		27,558		485		28,043
2024		19,027		468		19,495
2025		13,959		390		14,349
2026 and thereafter		25,477		—		25,477
Total lease liabilities, undiscounted		153,670		2,536		156,206
Less: Imputed interest		25,403		304		25,707
Total lease liabilities	$	128,267	$	2,232	$	130,499

Maturities of lease liabilities by fiscal year as of March 31, 2020 were as follows:


	Operating Leases			Finance Leases		Total
2021	$	40,476	$	468	$	40,944
2022		34,750		468		35,218
2023		23,761		468		24,229
2024		15,393		468		15,861
2025		10,780		390		11,170
2026 and thereafter		15,850		—		15,850
Total lease liabilities, undiscounted	$	141,010	$	2,262	$	143,272

Other Information

Other information related to our leases as of June 30, 2020 is as follows:


	Operating Leases		Finance Leases
Weighted-average remaining lease term	5.01 years		4.09 years
Weighted-average discount rate	7.40	%	6.56	%