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LEASES (Tables)
6 Months Ended
Sep. 30, 2023
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 September 30,

 

 

For the Six Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

1,953

 

 

$

1,671

 

 

$

4,227

 

 

$

3,398

 

Short-term Lease Cost

 

 

191

 

 

 

126

 

 

 

414

 

 

 

275

 

Total Lease Cost

 

$

2,144

 

 

$

1,797

 

 

$

4,641

 

 

$

3,673

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

September 30,

 

 

March 31,

 

 

 

2023

 

 

2023

 

 

 

(dollars in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

22,068

 

 

$

20,759

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

8,205

 

 

$

6,009

 

Noncurrent Operating Lease Liabilities

 

 

22,699

 

 

 

24,940

 

Total Operating Lease Liabilities

 

$

30,904

 

 

$

30,949

 

 

Schedule of Future Payments for Operating Leases

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

Fiscal Year

 

Amount

 

2024 (remaining six months)

 

$

4,580

 

2025

 

 

8,653

 

2026

 

 

4,776

 

2027

 

 

3,606

 

2028

 

 

2,735

 

Thereafter

 

 

13,665

 

Total Lease Payments

 

$

38,015

 

Less: Imputed Interest

 

 

(7,111

)

Present Value of Lease Liabilities

 

$

30,904

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

9.2

 

Weighted-Average Discount Rate

 

 

4.19

%