Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
9 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Lease Expense and Supplemental Cash Flow Information
The following table presents information about leases on the condensed consolidated statements of operations (in thousands):

Three Months Ended December 31, 2020 Nine Months Ended December 31, 2020
Operating lease expense (1)
$ 2,640  $ 8,022 
Short-term lease expense $ 174  $ 524 
Variable lease expense $ 205  $ 549 
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(1) Presented gross of sublease income.
The following table presents supplemental cash flow information about the Company’s leases (in thousands):
Nine Months Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities $ 10,251 
Operating lease assets obtained in exchange for new operating lease liabilities (1)
$ 2,600 
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(1) Includes the impact of new leases as well as remeasurements and modifications of existing leases.
Schedule of Maturities of Lease Liabilities
As of December 31, 2020, remaining maturities of lease liabilities were as follows (in thousands):
Fiscal Years Ending March 31, Amount
2021 $ 3,181 
2022 12,073 
2023 11,406 
2024 10,412 
2025 7,196 
Thereafter 14,795 
Total operating lease payments (1)
59,063 
Less: imputed interest (10,866)
Total operating lease liabilities $ 48,197 
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(1) Presented gross of sublease income.
Schedule of Future Minimum Rental Payments for Operating Leases
As previously disclosed in the Company’s Annual Report, and under previous lease accounting standard ASC 840, the aggregate future non-cancelable minimum rental payments on its operating leases, as of March 31, 2020, were as follows (in thousands):
Fiscal Years Ending March 31, Amount
2021 $ 14,210 
2022 11,663 
2023 11,235 
2024 10,864 
2025 8,020 
Thereafter 16,331 
Total future contractual payments (1)
$ 72,323 
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(1) Presented gross of sublease income.