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Leases (Tables)
12 Months Ended
Mar. 31, 2026
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)

 

2026

 

 

2025

 

Operating leases expense

 

$

5,375

 

 

$

5,084

 

Variable lease costs

 

 

529

 

 

 

413

 

Short term lease expense

 

 

775

 

 

 

563

 

Total lease expense

 

$

6,679

 

 

$

6,060

 

We had no finance leases during fiscal 2026 or 2025. Other information related to operating leases for fiscal 2026 and 2025 was as follows:

 

 

 

Year Ended March 31,

 

Supplemental cash flow information

 

2026

 

 

2025

 

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

 

$

5,654

 

 

$

4,673

 

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

 

$

1,195

 

 

$

2,351

 

Weighted average remaining lease terms

 

 

5.21

 

 

 

5.78

 

Weighted average discount rates

 

 

7.04

%

 

 

6.91

%

 

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, 2026:

 

(In thousands)

 

Operating leases

 

Fiscal year ending March 31,

 

 

 

2027

 

$

5,540

 

2028

 

 

5,023

 

2029

 

 

4,084

 

2030

 

 

1,954

 

2031

 

 

1,683

 

Thereafter

 

 

4,304

 

Total undiscounted future minimum lease payments

 

 

22,588

 

Less: difference between undiscounted lease payments and discounted lease liabilities

 

 

(3,544

)

Total lease liabilities

 

$

19,044