LEASES

12 Months Ended

Mar. 31, 2020

Our lease arrangements are primarily for (1) corporate, administrative, and development studio offices and (2) data centers and server equipment. Our existing leases have remaining lease terms ranging from one to fifteen years. In certain instances, such leases include one or more options to renew, with renewal terms that generally extend the lease term by one to five years for each option. The exercise of lease renewal options is generally at our sole discretion. Additionally, the majority of our leases are classified as operating leases.

Information related to our operating leases are as follows:


	Twelve Months Ended March 31, 2020
Lease costs
Operating lease costs	$	29,383
Short term lease costs	$	2,771

Rent expense prior to our adoption of Topic 842 amounted to $29,204 and $25,301 for the fiscal years ended March 31, 2019 and 2018, respectively.


	Twelve Months Ended March 31, 2020
Supplemental operating cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$	28,419
ROU assets obtained in exchange for lease obligations	$	58,745


	At March 31, 2020
Weighted average information
Remaining lease term	8.90 years
Discount rate	4.98	%

Future undiscounted lease payments for our operating lease liabilities, and a reconciliation of these payments to our operating lease liabilities at March 31, 2020, are as follows:


For the years ending March 31,
2021	$	31,897
2022	33,831
2023	31,500
2024	24,321
2025	18,867
Thereafter	80,162
Total future lease payments	$	220,578
Less imputed interest	(43,332)
Total lease liabilities	$	177,246

As of March 31, 2020, we have entered into facility leases that have not yet commenced with future lease payments of approximately $16,216. These leases are expected to commence within the next 12 months and will have lease terms ranging from 7 years to 10 years.