Leases (Tables)

9 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Components of Lease Expenses

The components of lease expense are as follows:

	Three Months Ended		Three Months Ended
	December 31, 2023		December 31, 2022
Operating lease expense	$	2,429,000	$	3,090,000
Finance lease expense		21,000		23,000
Short-term lease expense		86,000		5,000
Variable lease expense		161,000		213,000
Total lease expenses	$	2,697,000	$	3,331,000

	Nine Months Ended		Nine Months Ended
	December 31, 2023		December 31, 2022
Operating lease expense	$	7,646,000	$	9,381,000
Finance lease expense		65,000		70,000
Short-term lease expense		184,000		12,000
Variable lease expense		555,000		577,000
Total lease expenses	$	8,450,000	$	10,040,000

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:

	December 31, 2023			March 31, 2023
Right-of-use asset, net	$	25,083,000		$	27,721,000
Short-term lease liability	$	9,316,000		$	9,900,000
Long-term lease liability		23,078,000			23,860,000
Total lease liabilities	$	32,394,000		$	33,760,000
Weighted average remaining operating lease term	4.10 years			4.07 years
Weighted average remaining finance lease term	1.50 years			2.25 years
Weighted average discount rate		3.5	%		2.8	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases for the nine months ended December 31, 2023 and 2022 was as follows:

	Nine Months Ended		Nine Months Ended
	December 31, 2023		December 31, 2022
Cash paid for amounts included in the measurement of    operating lease liabilities	$	6,378,000	$	10,984,000
Operating lease liabilities arising from obtaining ROU assets	$	52,287,000	$	56,105,000
Finance lease liabilities arising from obtaining ROU assets	$	358,000	$	358,000
Reductions to ROU assets resulting from reductions to    operating lease liabilities	$	31,000	$	2,217,000

Summary of Maturities of Operating Lease Liabilities

As of December 31, 2023, maturities of operating lease liabilities for each of the next five years and thereafter are as follows:

2024	$	2,790,000
2025		9,698,000
2026		7,488,000
2027		5,849,000
2028		4,905,000
Thereafter		4,363,000
Total lease payments		35,093,000
Less interest		(2,699,000	)
Total lease liabilities	$	32,394,000