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Leases (Tables)
12 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of lease expenses and other information

The components of lease expenses for the fiscal 2020 period were as follows:

 

 

 

Year Ended

 

(in thousands)

March 31, 2020

 

Operating leases expense

 

$

4,193

 

Finance lease expense:

 

 

 

 

Amortization of ROU assets

 

 

23

 

Interest on lease liabilities

 

 

6

 

Total finance lease expense

 

 

29

 

Variable lease costs

 

 

271

 

Short term lease expense

 

 

88

 

Total lease expense

 

$

4,581

 

 

Other information related to leases for fiscal 2020 was as follows:

 

 

 

Year Ended

 

Supplemental cash flow information

 

March 31, 2020

 

Cash paid for amounts included in the measurement of lease liabilities

   (in thousands):

 

 

 

 

Operating cash flows for operating leases

 

$

4,873

 

Operating cash flows for finance leases

 

 

8

 

Financing cash flows for finance leases

 

 

24

 

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

 

 

 

 

Operating leases

 

$

2,734

 

Finance leases

 

 

17

 

Weighted average remaining lease terms

 

 

 

 

Operating leases

 

 

5.04

 

Finance leases

 

 

2.16

 

Weighted average discount rates

 

 

 

 

Operating leases

 

 

10.37

%

Finance leases

 

 

4.38

%

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, 2020:

 

Year ending (in thousands)

 

Operating leases

 

 

Finance leases

 

2021

 

$

4,927

 

 

$

29

 

2022

 

 

4,207

 

 

 

21

 

2023

 

 

2,855

 

 

 

5

 

2024

 

 

2,685

 

 

 

2

 

2025

 

 

2,083

 

 

 

 

Thereafter

 

 

3,901

 

 

 

 

Total undiscounted future minimum lease payments

 

 

20,658

 

 

 

57

 

Less: difference between undiscounted lease payments and discounted lease

   liabilities

 

 

(5,322

)

 

 

(8

)

Total lease liabilities

 

$

15,336

 

 

$

49

 

Schedule of future minimum lease payments, operating 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, 2020:

 

Year ending (in thousands)

 

Operating leases

 

 

Finance leases

 

2021

 

$

4,927

 

 

$

29

 

2022

 

 

4,207

 

 

 

21

 

2023

 

 

2,855

 

 

 

5

 

2024

 

 

2,685

 

 

 

2

 

2025

 

 

2,083

 

 

 

 

Thereafter

 

 

3,901

 

 

 

 

Total undiscounted future minimum lease payments

 

 

20,658

 

 

 

57

 

Less: difference between undiscounted lease payments and discounted lease

   liabilities

 

 

(5,322

)

 

 

(8

)

Total lease liabilities

 

$

15,336

 

 

$

49

 

Schedule of future minimum lease payments, finance leases, under previous lease accounting standard As previously disclosed on our March 31, 2019 Form 10-K and under the previous lease accounting standard, future minimum lease payments under non-cancelable leases as of March 31, 2019 were as follows:

Year ending (in thousands)

 

Operating leases

 

 

Finance leases

 

2020

 

$

4,143

 

 

$

27

 

2021

 

 

3,945

 

 

 

23

 

2022

 

 

3,166

 

 

 

15

 

2023

 

 

1,916

 

 

 

 

2024

 

 

1,770

 

 

 

 

Thereafter

 

 

4,497

 

 

 

 

Total lease payments

 

 

19,437

 

 

 

65

 

Less: Amounts representing interest

 

 

 

 

 

(8

)

Present value of lease liabilities

 

$

19,437

 

 

$

57

 

 

Schedule of future minimum lease payments, operating leases, under previous lease accounting standard

As previously disclosed on our March 31, 2019 Form 10-K and under the previous lease accounting standard, future minimum lease payments under non-cancelable leases as of March 31, 2019 were as follows:

Year ending (in thousands)

 

Operating leases

 

 

Finance leases

 

2020

 

$

4,143

 

 

$

27

 

2021

 

 

3,945

 

 

 

23

 

2022

 

 

3,166

 

 

 

15

 

2023

 

 

1,916

 

 

 

 

2024

 

 

1,770

 

 

 

 

Thereafter

 

 

4,497

 

 

 

 

Total lease payments

 

 

19,437

 

 

 

65

 

Less: Amounts representing interest

 

 

 

 

 

(8

)

Present value of lease liabilities

 

$

19,437

 

 

$

57