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LEASES (Tables)
3 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Lease Expense for Operating and Short-Term Leases

Lease expense for our operating and short-term leases is as follows:

 

 

 

For the Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

1,727

 

 

$

1,514

 

Short-term Lease Cost

 

 

149

 

 

 

502

 

Total Lease Cost

 

$

1,876

 

 

$

2,016

 

Schedule of Balance Sheet Information Related to Leases

The Right-of-Use Assets and Lease Liabilities are reflected on our Balance Sheet as follows:

 

 

 

June 30,

 

 

March 31,

 

 

 

2022

 

 

2022

 

 

 

(dollars in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

22,960

 

 

$

23,856

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

6,778

 

 

$

7,118

 

Noncurrent Operating Lease Liabilities

 

 

28,074

 

 

 

29,212

 

Total Operating Lease Liabilities

 

$

34,852

 

 

$

36,330

 

Schedule of Future Payments for Operating Leases

Future payments for operating leases are as follows (dollars in thousands):

Fiscal Year

 

Amount

 

2023 (remaining nine months)

 

$

6,098

 

2024

 

 

6,363

 

2025

 

 

5,916

 

2026

 

 

4,279

 

2027

 

 

3,540

 

Thereafter

 

 

16,934

 

Total Lease Payments

 

$

43,130

 

Less: Imputed Interest

 

 

(8,278

)

Present Value of Lease Liabilities

 

$

34,852

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

10.1

 

Weighted-Average Discount Rate

 

 

3.70

%