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LEASES (Tables)
12 Months Ended
Mar. 31, 2021
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 Years Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

6,757

 

 

$

7,966

 

Short-term Lease Cost

 

 

2,562

 

 

 

1,279

 

Total Lease Cost

 

$

9,319

 

 

$

9,245

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

As of March 31,

 

 

 

2021

 

 

2020

 

 

 

(dollars in thousands)

 

Operating Leases:

 

 

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

25,811

 

 

$

29,483

 

 

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

6,343

 

 

$

6,585

 

Noncurrent Operating Lease Liabilities

 

 

34,444

 

 

 

40,239

 

Total Operating Lease Liabilities

 

$

40,787

 

 

$

46,824

 

Schedule of Future Payments for Operating Leases

Future payments for operating leases are as follows:

 

 

Amount

 

Fiscal Year

 

(dollars in thousands)

 

2022

 

$

7,556

 

2023

 

 

6,969

 

2024

 

 

6,007

 

2025

 

 

5,651

 

2026

 

 

4,170

 

Thereafter

 

 

20,416

 

Total Lease Payments

 

$

50,769

 

Less: Imputed Interest

 

 

(9,982

)

Present Value of Lease Liabilities

 

$

40,787

 

 

 

 

 

 

Weighted Average Remaining Lease Term (in years)

 

 

10.5

 

Weighted Average Discount Rate

 

 

3.79

%