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LEASES
 9 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating leasesDecember 31, 2021March 31, 2021
Operating lease right-of-use asset$3,483 $9,383 
Other accrued liabilities1,141 2,581 
Operating lease liability2,714 8,005 
   Total operating lease liabilities$3,855 $10,586 


Components of lease cost were as follows (in thousands):
Three Months Ended December 31,Nine Months Ended December 31,
Lease Cost2021202020212020
Operating lease cost  $3,016 $1,018 $5,145 $3,688 
Variable lease cost  527 198 877 620 
Short-term lease cost  17 37 17 129 
Total lease cost  $3,560 $1,253 $6,039 $4,437 

Maturity of Lease LiabilitiesOperating Leases
   2022, excluding the nine months ended December 31, 2021
$451 
   20231,449 
   20241,228 
   2025918 
   2026444 
   Thereafter460 
Total lease payments$4,950 
Less: imputed interest(1,095)
Present value of lease liabilities$3,855 



Lease Term and Discount RateDecember 31, 2021March 31, 2021
Weighted average remaining operating lease term (years)3.634.53
Weighted average discount rate for operating leases13.16 %13.96 %

Operating cash outflows related to operating leases totaled $3.1 million and $4.4 million for the nine months ended December 31, 2021 and 2020, respectively.

During the quarter ended December 31, 2021, the Company exited an office location which resulted in a reduction of $3.8 million in the right-of-use asset and $3.7 million in the operating lease liability.