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Leases (Tables)
12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of lease expenses and other information

The components of lease expenses, which are included in operating expenses in our Consolidated Statements of Operations, were as follows:

 

 

 

Year Ended March 31,

 

(In thousands)

 

2025

 

 

2024

 

Operating leases expense

 

$

5,084

 

 

$

5,842

 

Finance lease expense:

 

 

 

 

 

 

Amortization of ROU assets

 

 

 

 

 

2

 

Total finance lease expense

 

 

 

 

 

2

 

Variable lease costs

 

 

413

 

 

 

470

 

Short term lease expense

 

 

563

 

 

 

258

 

Sublease income

 

 

 

 

 

(654

)

Total lease expense

 

$

6,060

 

 

$

5,918

 

Other information related to leases for fiscal 2025 and 2024 was as follows:

 

 

 

Year Ended March 31,

 

Supplemental cash flow information

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities
   (in thousands):

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

5,467

 

 

$

5,197

 

Operating cash flows for finance leases

 

 

 

 

5

 

Financing cash flows for finance leases

 

 

 

 

2

 

ROU assets obtained in exchange for lease obligations (in thousands):

 

 

 

 

 

 

Operating leases

 

$

2,351

 

 

$

9,832

 

Weighted average remaining lease terms

 

 

 

 

 

 

Operating leases

 

 

5.78

 

 

 

6.69

 

Weighted average discount rates

 

 

 

 

 

 

Operating leases

 

 

6.91

%

 

 

7.05

%

 

Schedule of future minimum lease payments, finance leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the Consolidated Balance Sheet as of March 31, 2025:

 

(In thousands)

 

Operating leases

 

Fiscal year ending March 31,

 

 

 

2026

 

$

5,883

 

2027

 

 

5,358

 

2028

 

 

4,998

 

2029

 

 

4,057

 

2030

 

 

1,730

 

Thereafter

 

 

5,844

 

Total undiscounted future minimum lease payments

 

 

27,870

 

Less: difference between undiscounted lease payments and discounted lease liabilities

 

 

(4,908

)

Total lease liabilities

 

$

22,962