LEASES (Tables)

9 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Right-of-use Asset, Lease Liability Balances and Lease Cost

Right-of-use assets and lease liabilities balances consist of the following (dollars in thousands):

	December 31, 2024			March 31, 2024
Right-of-use assets included in other assets, net	$	21,255		$	24,471
Short-term lease liabilities included in other accrued expenses	$	9,391		$	10,125
Long-term lease liabilities included in other liabilities	$	28,757		$	32,097
Supplemental balance sheet information:
Weighted average remaining lease term	4.7 years			5.3 years
Weighted average discount rate	5.4		%	5.3		%

The components of lease cost, net for the nine months ended December 31, 2024 and 2023, respectively, were as follows (dollars in thousands):

	For the nine months ended December 31,
	2024		2023
Operating lease costs	$	6,065	$	7,246
Operating sublease income	802		—
Total leases costs, net	$	5,263	$	7,246

Schedule of Future Minimum Payments under all Operating Leases

The following table presents future minimum payments under all operating leases and subleases (including operating leases with a duration of one year or less and excluding ASC 840 leases related to restructuring plans) as of December 31, 2024. The amount for fiscal 2025 represents the remaining three months ending March 31, 2025. All other periods represent fiscal years ending March 31 (dollars in thousands): 

	Operating lease payments		Payments expected under noncancellable subleases		Net operating lease payments
Fiscal 2025	$	2,389	$	(303)	2,086
Fiscal 2026	9,573		(1,662)		7,911
Fiscal 2027	9,026		(2,084)		6,942
Fiscal 2028	9,162		(2,147)		7,015
Fiscal 2029	8,872		(2,211)		6,661
Thereafter	4,301		(189)		4,112
Total undiscounted lease payments	43,323		(8,596)		34,727
Less: Interest and short-term leases	5,175		(1,346)		3,829
Total discounted operating lease liabilities	$	38,148	$	(7,250)	$	30,898

Schedule of Future Minimum Payments under Sublease Income

The following table presents future minimum payments under all operating leases and subleases (including operating leases with a duration of one year or less and excluding ASC 840 leases related to restructuring plans) as of December 31, 2024. The amount for fiscal 2025 represents the remaining three months ending March 31, 2025. All other periods represent fiscal years ending March 31 (dollars in thousands): 

	Operating lease payments		Payments expected under noncancellable subleases		Net operating lease payments
Fiscal 2025	$	2,389	$	(303)	2,086
Fiscal 2026	9,573		(1,662)		7,911
Fiscal 2027	9,026		(2,084)		6,942
Fiscal 2028	9,162		(2,147)		7,015
Fiscal 2029	8,872		(2,211)		6,661
Thereafter	4,301		(189)		4,112
Total undiscounted lease payments	43,323		(8,596)		34,727
Less: Interest and short-term leases	5,175		(1,346)		3,829
Total discounted operating lease liabilities	$	38,148	$	(7,250)	$	30,898