Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.21.2
Leases
 3 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Leases Leases
The Company has entered into various non-cancellable operating lease agreements for certain offices as well as acquired various leases through its recent acquisitions. These leases currently have lease periods expiring between fiscal years 2022 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:
June 30, 2021
(Unaudited)
Remainder of fiscal year 2022 $ 4,265 
Fiscal year 2023 4,576 
Fiscal year 2024 4,101 
Fiscal year 2025 3,028 
Fiscal year 2026 2,578 
Thereafter 3,000 
Total undiscounted cash flows 21,548 
(Less imputed interest) (1,996)
Present value of lease liabilities $ 19,552 
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 condensed consolidated balance sheets.
Associated with these financial liabilities, the Company has right-of-use assets of $19,565 as of June 30, 2021, 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 5.04 years.