Leases

9 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

LeasesThe Company has operating leases for land, buildings, automobiles, and other equipment that expire at various dates through 2040. Leases for real estate generally have initial terms ranging from 2 to 15 years, excluding renewal options. Leases for equipment typically have initial terms ranging from 2 to 5 years excluding renewal options. Most leases have fixed rentals, with many of the real estate leases requiring additional payments for real estate taxes. These lease terms may include optional renewals, terminations or purchases, which are considered in the Company’s assessments when such options are reasonably certain to be exercised.

The following summarizes weighted-average information associated with the measurement of remaining operating lease as of December 31, 2019:

Weighted-average remaining lease term	5.2 years
Weighted-average discount rate	9.6%

The following summarizes lease costs for operating leases:

	Three Months Ended		Nine Months Ended
	December 31, 2019		December 31, 2019
Operating lease costs	$	4,268	$	12,567
Variable and short-term lease costs	1,830		5,089
Total lease costs	$	6,098	$	17,656

The following summarizes supplemental cash flow information related to cash paid for amounts included in the measurement of lease liabilities:

	Three Months Ended		Nine Months Ended
	December 31, 2019		December 31, 2019
Operating cash flows impact - operating leases	$	3,051	$	11,864
Right-of-use assets obtained in exchange for new operating leases	1,111		5,504

The following reconciles maturities of operating lease liabilities to the lease liabilities reflected in the condensed consolidated balance sheet as of December 31, 2019:

2020 (excluding the nine months ended December 31, 2019)	$	4,458
2021	13,452
2022	10,741
2023	6,904
2024	5,662
Thereafter	12,545
Total future minimum lease payments	53,762
Less: amounts related to imputed interest	11,523
Present value of future minimum lease payments	42,239
Less: operating lease liabilities, current	14,033
Operating lease liabilities, non-current	$	28,206

The Company continuously monitors and may negotiate contract amendments that include extensions or modifications to existing leases. The following presents the future minimum rental commitments under noncancelable operating leases as of March 31, 2019:

2020	$	15,651
2021	10,554
2022	8,483
2023	6,735
2024	5,356
Thereafter	7,324
Total	$	54,103