Right-of-Use Assets and Lease Liabilities (Tables)

12 Months Ended

Mar. 31, 2022

The table below presents lease-related assets and liabilities recorded on the consolidated balance sheet as follows:


	Classification	March 31, 2022
		(In thousands)
Assets
Operating lease right-of-use-assets - continuing operations	Right-of-use assets	$	11,382
Operating lease right-of-use-assets - discontinued operation	Noncurrent assets of discontinued operations	6
Total operating lease right-of-use-assets		$	11,388

Liabilities
Operating lease liabilities (short-term) - continuing operations	Accrued liabilities	$	1,447
Operating lease liabilities (short-term) - discontinued operation	Current liabilities of discontinued operations	100
Total operating lease liabilities (short-term)		1,547
Operating lease liabilities (long-term) - continuing operations	Lease liabilities	10,763
Operating lease liabilities (long-term) - discontinued operation	Noncurrent liabilities of discontinued operations	172
Total operating lease liabilities (long-term)		10,935
Total operating lease liabilities		$	12,482

Schedule of supplemental information related to operating leases

The table below presents supplemental information related to operating leases during the fiscal year ended March 31, 2022 (in thousands, except weighted average information):


Cash paid for amounts included in the measurement of operating lease liabilities	$	2,795
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,544
Weighted average remaining lease term	5
Weighted average discount rate	4.8		%

Schedule of undiscounted cash flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of March 31, 2022:


Fiscal Year Ending March 31,	Operating Leases		Sublease Income		Net Operating Leases
(In thousands)
2023	$	2,114	$	9	$	2,105
2024	2,809		—		2,809
2025	2,587		—		2,587
2026	2,336		—		2,336
2027	2,391		—		2,391
Thereafter	2,097		—		2,097
Total lease payments	14,334		$	9	$	14,325
Less imputed interest	(1,852)
Present value of future lease payments	12,482
Less current obligations under leases	(1,547)
Long-term lease obligations	$	10,935