Leases (Tables)

6 Months Ended

Sep. 30, 2022

Leases [Abstract]

Summary of Components of Lease Expenses

The components of lease expense are as follows:

	Three Months Ended		Three Months Ended
	September 30, 2022		September 30, 2021
Operating lease expense	$	3,115,000	$	3,327,000
Finance lease expense		23,000		25,000
Short-term lease expense		5,000		3,000
Variable lease expense		157,000		131,000
Total lease expenses	$	3,300,000	$	3,486,000

	Six Months Ended		Six Months Ended
	September 30, 2022		September 30, 2021
Operating lease expense	$	6,291,000	$	6,939,000
Finance lease expense		47,000		50,000
Short-term lease expense		9,000		7,000
Variable lease expense		328,000		267,000
Total lease expenses	$	6,675,000	$	7,263,000

Summary of Lease Related Assets and Liabilities Recorded in Balance Sheet Related to Operating Leases

The following table presents the lease related assets and liabilities recorded on the Company’s consolidated balance sheets related to its operating leases:

	September 30, 2022			March 31, 2022
Right-of-use asset, net	$	29,930,000		$	35,020,000
Short-term lease liability	$	11,495,000		$	13,348,000
Long-term lease liability		25,436,000			29,792,000
Total lease liabilities	$	36,931,000		$	43,140,000
Weighted average remaining operating lease term	4.15 years			4.32 years
Weighted average remaining finance lease term	2.75 years			3.25 years
Weighted average discount rate		2.7	%		2.6	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases for the six months ended September 30, 2022 and 2021 was as follows:

	Six Months Ended		Six Months Ended
	September 30, 2022		September 30, 2021
Cash paid for amounts included in the measurement of    operating lease liabilities	$	7,415,000	$	7,557,000
Operating lease liabilities arising from obtaining ROU assets	$	53,843,000	$	58,752,000
Finance lease liabilities arising from obtaining ROU assets	$	358,000	$	358,000
Reductions to ROU assets resulting from reductions to    operating lease liabilities	$	6,021,000	$	3,694,000

Summary of Maturities of Operating Lease Liabilities

As of September 30, 2022, maturities of operating lease liabilities for each of the next five years and thereafter are as follows:

2023	$	6,833,000
2024		9,915,000
2025		7,693,000
2026		5,479,000
2027		3,846,000
Thereafter		5,566,000
Total lease payments		39,332,000
Less interest		(2,401,000	)
Total lease liabilities	$	36,931,000