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LEASES
6 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Leases [Abstract]    
LEASES LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Operating LeasesSeptember 30, 2024March 31, 2024
Operating lease right-of-use asset$9,164 $9,425 
Operating lease liability with other accrued liabilities1,375 1,256 
Operating lease liability, net9,366 9,621 
Total operating lease liabilities
$10,741 $10,877 
Components of lease cost were as follows (in thousands):
Three Months Ended September 30,Six Months Ended September 30,
Lease Cost2024202320242023
Operating lease cost$779 $731 $1,491 $1,606 
Variable lease cost82 60 152 182 
Total lease cost$861 $791 $1,643 $1,788 
Maturity of Lease LiabilitiesOperating Leases
Remainder of fiscal year 2025$1,389 
20262,317 
20271,797 
20281,568 
20291,220 
Thereafter
12,089 
Total lease payments$20,380 
Less: imputed interest(9,639)
Present value of lease liabilities$10,741 
Lease Term and Discount RateSeptember 30, 2024March 31, 2024
Weighted average remaining operating lease term (years)10.1510.53
Weighted average discount rate for operating leases12.6 %12.6 %
Operating cash outflows related to operating leases totaled $1.4 million and $1.6 million for the six months ended September 30, 2024 and 2023, respectively.
LEASES
Supplemental balance sheet information related to leases is as follows (in thousands):
Year Ended March 31,
Operating leases 202420232022
Operating lease right-of-use assets $9,425 $10,291 $11,107 
Other current liabilities$1,256 $1,364 $1,727 
Operating lease liability9,621 10,169 9,891 
Total operating lease liabilities
$10,877 $11,533 $11,618 
The components of lease expense were as follows (in thousands):
Year Ended March 31,
Lease expense202420232022
Operating lease expense$3,007 $4,276 $3,727 
Variable lease expense291 753 643 
Short-term lease expense— — 15 
Total lease expense
$3,298 $5,029 $4,385 
Maturity of Lease LiabilitiesOperating Leases
2024$2,538 
20252,062 
20261,714 
20271,523 
20281,207 
Thereafter
12,083 
Total lease payments$21,127 
Less: Imputed interest(10,250)
Present value of lease liabilities$10,877 
Lease Term and Discount RateMarch 31,
202420232022
Weighted average remaining operating lease term (years)10.5310.8510.88
Weighted average discount rate for operating leases12.64 %12.66 %12.9 %
Operating cash outflows related to operating leases totaled $2.9 million, $3.5 million and $3.7 million for the fiscal years ended March 31, 2024, March 31, 2023, and March 31, 2022, respectively.