Leases (Tables)

12 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of lease costs

The Company incurred total lease costs in its consolidated statements of operations and comprehensive loss. The components of lease cost for operating leases for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows:

	Year Ended March 31,
	2022		2021		2020
	(in thousands)
Operating lease cost, net (1)	$	13,640	$	13,614	$	10,999
Variable lease cost		6,425		5,809		4,705
Total lease cost	$	20,065	$	19,423	$	15,704

(1)For the year ended March 31, 2020, included in operating lease cost is a $4.9 million reduction to lease cost related to a lease termination.

Schedule of supplemental balance sheet information

Variable lease cost includes property tax, insurance, common area maintenance, and utilities. The following is supplemental balance sheet information as of March 31, 2022 and 2021:

	Year Ended March 31,
	2022		2021
	(in thousands)
Reported as:
Assets:
Operating lease right-of-use assets	$	55,577	$	63,122
Liabilities:
Operating lease liabilities		7,784		6,140
Operating lease liabilities, noncurrent		78,524		87,582
Total operating lease liabilities	$	86,308	$	93,722

Schedule of weighted average remaining lease term and discount rate

Weighted average remaining lease term and discount rate for the Company’s operating leases was as follows:

	Year Ended March 31,
	2022			2021			2020
Weighted-average remaining lease term (in years)	8.4			9.2			10.5
Weighted-average discount rate		7	%		7	%		8	%

Schedule of supplemental cash flow information

Supplemental cash flow information related to operating leases for the fiscal years ended March 31, 2022, 2021 and 2020 was as follows:

	Year Ended March 31,
	2022			2021			2020
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows used in operating leases	$	(13,490	)	$	(14,067	)	$	(12,520	)
Landlord contributions included in the measurement of operating lease ROU assets:
Operating cash flows provided by operating leases	$	—		$	3,733		$	9,940
Supplemental disclosure of non-cash operating lease activities:
Operating lease ROU assets obtained in exchange for new operating lease liabilities	$	—		$	12,803		$	4,769

Schedule of Future Minimum Lease Payments Related to Company's Operating Lease Liability

As of March 31, 2022, the future minimum lease payments included in the measurement of the Company’s operating lease liabilities were as follows (in thousands):

Fiscal years ending March 31,
2023	$	13,782
2024		14,960
2025		14,464
2026		11,105
2027		11,348
Thereafter		53,095
Total future operating lease payments		118,754
Less: imputed interest		(32,446	)
Total operating lease liabilities	$	86,308