XML 22 R10.htm IDEA: XBRL DOCUMENT v3.20.4
LEASES:
9 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases LEASES:
Right-of-use asset and lease liability balances consist of the following (dollars in millions):
December 31, 2020March 31, 2020
Right-of-use assets included in other assets, net$12.5 $17.8 
Short-term lease liabilities included in other accrued expenses$9.6 $9.6 
Long-term lease liabilities included in other liabilities$5.3 $11.4 

The Company leases its office facilities under non-cancellable operating leases that expire at various dates through fiscal 2025. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property service fees, and other factors. Operating lease costs were $8.7 million and $7.5 million for the nine months ended December 31, 2020 and 2019, respectively.
Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of December 31, 2020 are as follows (dollars in thousands):  
Amount
Fiscal 2021$2,920 
Fiscal 20229,303 
Fiscal 20232,780 
Fiscal 2024785 
Fiscal 202572 
Thereafter— 
Total undiscounted lease commitments15,860 
Less: Interest and short-term leases962 
Total discounted operating lease liabilities$14,898 

Future minimum payments as of December 31, 2020 related to restructuring plans as a result of the Company's exit from certain leased office facilities (see Note 14) are as follows (dollars in thousands): Fiscal 2021: $648; Fiscal 2022: $2,611; Fiscal 2023: $2,663; Fiscal 2024: $2,698; Fiscal 2025: $2,698; and Thereafter: $1,799.