7. 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:


		Year Ended
	Statement of Operations Location	March 31, 2021
Operating lease cost	(1)	$	43,950
Finance lease cost
Amortization expense	Depreciation and amortization		429
Interest expense	Interest expense, net		120
Short-term lease cost	(1)		1,473
Variable lease cost	(1)		6,804
Sublease income	Other, net		(1,293)
Total lease cost		$	51,483

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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	March 31, 2021
Right-of-use assets
Operating leases	Operating lease right-of-use assets, net	$	93,412
Finance leases	Property and equipment, net		1,858
Total right-of-use assets		$	95,270

Lease liabilities
Current liabilities
Operating leases	Current portion of operating lease liabilities	$	30,608
Finance leases	Current portion of long-term debt		568
Noncurrent liabilities
Operating leases	Long-term operating lease liabilities		75,396
Finance leases	Long-term debt, excluding current portion		1,225
Total lease liabilities		$	107,797

Maturity of Lease Liabilities

Maturities of lease liabilities by fiscal year as of March 31, 2021 are as follows:


	Operating Leases			Finance Leases		Total
2022	$	37,129	$	664	$	37,793
2023		27,659		485		28,144
2024		19,378		468		19,846
2025		14,061		390		14,451
2026		9,219		—		9,219
2027 and thereafter		18,399		—		18,399
Total lease liabilities, undiscounted		125,845		2,007		127,852
Less: Imputed interest		19,841		214		20,055
Total lease liabilities	$	106,004	$	1,793	$	107,797

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 March 31, 2021 is as follows:


	Operating Leases		Finance Leases
Weighted-average remaining lease term	4.76 years		3.52 years
Weighted-average discount rate	7.29	%	6.51	%