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Leases (Tables)
12 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of lease costs and other information of lease

The components of lease costs and other information related to leases were as follows:

 

 

Year Ended March 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(in thousands, except years and percentages)

 

Operating lease cost

 

$

13,650

 

 

$

13,640

 

 

$

13,614

 

Variable lease cost

 

 

5,422

 

 

 

6,425

 

 

 

5,809

 

Total lease cost

 

$

19,072

 

 

$

20,065

 

 

$

19,423

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities, net

 

$

(14,941

)

 

$

(13,490

)

 

$

(10,334

)

ROU assets obtained in exchange for new operating lease obligations

 

$

7,930

 

 

$

 

 

$

12,803

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

7.5

 

 

 

8.4

 

 

 

9.2

 

Weighted average discount rate

 

 

8

%

 

 

7

%

 

 

7

%

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

As of March 31, 2023, the future minimum lease payments included in the measurement of the Company’s operating lease liabilities were as follows:

 

 

 

As of March 31, 2023

 

 

 

(in thousands)

 

Fiscal years ending March 31,

 

 

 

2024

 

$

13,800

 

2025

 

 

15,474

 

2026

 

 

15,946

 

2027

 

 

15,472

 

2028

 

 

11,666

 

Thereafter

 

 

41,430

 

Total future operating lease payments

 

 

113,788

 

Less: imputed interest

 

 

(28,484

)

Total operating lease liabilities

 

$

85,304