Annual report pursuant to Section 13 and 15(d)

Leases

v3.22.1
Leases
 12 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases Leases
The Company has entered into various non-cancellable operating lease agreements for certain offices as well as assumed various leases through its recent acquisitions. These leases currently have lease periods expiring between fiscal years 2023 and 2029. The lease agreements may include one or more options to renew. Renewals were not assumed in the Company's determination of the lease term unless the renewals were deemed to be reasonably assured at lease commencement. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, weighted-average lease term, and discount rates are detailed below.
Schedule, by fiscal year, of maturities of lease liabilities as of:
March 31, 2022
Fiscal year 2023 $ 4,537 
Fiscal year 2024 4,059 
Fiscal year 2025 2,974 
Fiscal year 2026 2,519 
Fiscal year 2027 1,319 
Thereafter 1,519 
Total undiscounted cash flows 16,927 
(Less imputed interest) (1,393)
Present value of lease liabilities $ 15,534 
The current portion of the Company's lease liabilities, payable within the next 12 months, is included in other current liabilities, and the long-term portion of the Company's lease liabilities is included in other non-current liabilities on the consolidated balance sheets.
Associated with these financial liabilities, the Company has right-of-use assets of $15,439 as of March 31, 2022, which is calculated using the present value of lease liabilities less any lease incentives received from landlords and any deferred rent liability balances as of the date of implementation. The discount rates used to calculate the imputed interest above range from 2.00% to 6.75% and the weighted-average remaining lease term is 4.57 years.