LEASES (Tables)

3 Months Ended

Jun. 30, 2025

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):



	June 30, 2025			March 31, 2025
Right-of-use assets included in other assets, net	$	18,982		$	19,341
Short-term lease liabilities included in other accrued expenses	$	9,417		$	9,351
Long-term lease liabilities included in other liabilities	$	25,690		$	26,939

Supplemental balance sheet information:
Weighted average remaining lease term	4.2 years			4.5 years
Weighted average discount rate	5.5		%	5.4		%

The components of lease cost, net for the three months ended June 30, 2025 and 2024, respectively, were as follows (dollars in thousands):


	For the three months ended June 30,
	2025		2024
Operating lease costs	$	1,884	$	2,004
Operating sublease income	456		241
Total leases costs, net	$	1,428	$	1,763

Schedule of Future Minimum Payments under all Operating Leases

The amount for fiscal 2026 represents the remaining nine months ending March 31, 2026. All other periods represent fiscal years ending March 31 (dollars in thousands):


Fiscal year:	Operating lease payments		Payments expected under noncancellable subleases		Net operating lease payments
2026	$	7,322	$	(1,318)	6,004
2027	9,336		(2,084)		7,252
2028	9,472		(2,147)		7,325
2029	9,044		(2,211)		6,833
2030	2,591		(189)		2,402
Thereafter	1,708		—		1,708
Total undiscounted lease payments	39,473		(7,949)		31,524
Less: Interest and short-term leases	4,366		(1,083)		3,283
Total discounted operating lease liabilities	$	35,107	$	(6,866)	$	28,241

Schedule of Future Minimum Payments under Sublease Income

The amount for fiscal 2026 represents the remaining nine months ending March 31, 2026. All other periods represent fiscal years ending March 31 (dollars in thousands):


Fiscal year:	Operating lease payments		Payments expected under noncancellable subleases		Net operating lease payments
2026	$	7,322	$	(1,318)	6,004
2027	9,336		(2,084)		7,252
2028	9,472		(2,147)		7,325
2029	9,044		(2,211)		6,833
2030	2,591		(189)		2,402
Thereafter	1,708		—		1,708
Total undiscounted lease payments	39,473		(7,949)		31,524
Less: Interest and short-term leases	4,366		(1,083)		3,283
Total discounted operating lease liabilities	$	35,107	$	(6,866)	$	28,241