Leases (Tables)
|
12 Months Ended |
Mar. 31, 2025 |
|---|
| Leases [Abstract] |
|
| Schedule of minimum rental revenue to be received under operating leases |
|
|
|
|
|
|
|
|
|
|
Leased |
|
Owned and |
|
Year Ending March 31, |
|
Assets |
|
Financed Assets |
|
2026 |
|
$ |
2,398 |
|
$ |
6,279 |
|
2027 |
|
|
397 |
|
|
1,101 |
|
2028 |
|
|
— |
|
|
295 |
|
2029 |
|
|
— |
|
|
22 |
|
2030 |
|
|
— |
|
|
— |
|
Thereafter |
|
|
— |
|
|
— |
|
Total minimum rental revenue |
|
$ |
2,795 |
|
$ |
7,697 |
|
|
| Schedule of profit recognized from sales-type leases |
|
|
|
|
|
|
|
|
|
Year Ended March 31, |
|
|
2025 |
|
2024 |
Net sales |
|
$ |
1,309 |
|
$ |
— |
Cost of sales |
|
|
911 |
|
|
— |
Gross profit |
|
$ |
398 |
|
$ |
— |
|
| Schedule of minimum lease payments to be received from sales-type leases |
|
|
|
|
Year Ending March 31, |
|
|
|
2026 |
|
$ |
264 |
2027 |
|
|
264 |
2028 |
|
|
264 |
2029 |
|
|
264 |
2030 |
|
|
264 |
Thereafter |
|
|
528 |
Total minimum lease payments |
|
$ |
1,848 |
Less: imputed interest |
|
|
(639) |
Plus: unguaranteed residual value |
|
|
79 |
Present value of lease receivable |
|
$ |
1,288 |
|
| Schedule of lease receivable |
|
|
|
|
|
|
|
Year Ended March 31, |
|
2025 |
|
2024 |
Gross receivables |
$ |
1,209 |
|
$ |
— |
Unguaranteed residual value |
|
79 |
|
|
— |
Total, net |
$ |
1,288 |
|
$ |
— |
Reported as: |
|
|
|
|
|
Current |
|
113 |
|
|
— |
Long-Term |
|
1,175 |
|
|
— |
Total, net |
$ |
1,288 |
|
$ |
— |
|
| Schedule of finance and operating leases |
The components of lease expense were as follows (in thousands):
|
|
|
|
|
|
|
|
|
Year Ended March 31, |
|
|
2025 |
|
2024 |
Finance lease costs (1) |
|
$ |
719 |
|
$ |
804 |
Operating lease costs |
|
|
5,335 |
|
|
4,948 |
Total lease costs |
|
$ |
6,054 |
|
$ |
5,752 |
| (1) |
Interest expense is included in finance lease costs. |
Supplemental balance sheet information related to the leases was as follows (in thousands):
|
|
|
|
|
|
|
March 31, 2025 |
|
March 31, 2024 |
Finance lease right-of-use assets |
$ |
3,787 |
|
$ |
4,391 |
Operating lease right-of-use assets |
|
8,282 |
|
|
12,279 |
Total right-of-use assets |
$ |
12,069 |
|
$ |
16,670 |
|
|
|
|
|
|
Finance lease liability, current |
$ |
2,017 |
|
$ |
964 |
Operating lease liability, current |
|
3,539 |
|
|
4,041 |
Finance lease liability, non-current |
|
248 |
|
|
2,300 |
Operating lease liability, non-current |
|
4,988 |
|
|
8,527 |
Total lease liabilities |
$ |
10,792 |
|
$ |
15,832 |
|
|
|
|
|
|
Finance leases: |
|
|
|
|
|
Weighted average remaining lease life |
|
0.42 years |
|
|
1.41 years |
Weighted average discount rate |
|
12.81% |
|
|
13.00% |
Operating leases: |
|
|
|
|
|
Weighted average remaining lease life |
|
4.41 years |
|
|
4.48 years |
Weighted average discount rate |
|
12.33% |
|
|
13.00% |
Supplemental cash flow information related to the leases was as follows (in thousands):
|
|
|
|
|
|
|
Year Ended March 31, |
|
2025 |
|
2024 |
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
Finance cash flows from finance leases |
$ |
222 |
|
$ |
173 |
Operating cash flows from finance leases |
$ |
33 |
|
$ |
42 |
Operating cash flows from operating leases |
$ |
5,380 |
|
$ |
4,930 |
Right-of-use assets obtained in exchange for lease obligations |
|
|
|
|
|
Finance leases |
$ |
— |
|
$ |
447 |
Operating leases |
$ |
— |
|
$ |
6,901 |
|
| Schedule of maturities of finance lease liabilities |
|
|
|
|
|
|
|
|
|
Finance |
|
Operating |
Year Ending March 31, |
|
Leases |
|
Leases |
2026 |
|
$ |
2,051 |
|
$ |
4,368 |
2027 |
|
|
252 |
|
|
1,747 |
2028 |
|
|
— |
|
|
1,636 |
2029 |
|
|
— |
|
|
1,337 |
2030 |
|
|
— |
|
|
256 |
Thereafter |
|
|
— |
|
|
1,626 |
Total lease payments |
|
$ |
2,303 |
|
$ |
10,970 |
Less: imputed interest |
|
|
(38) |
|
|
(2,443) |
Present value of lease liabilities |
|
$ |
2,265 |
|
$ |
8,527 |
|
| Schedule of maturities of operating lease liabilities |
|
|
|
|
|
|
|
|
|
Finance |
|
Operating |
Year Ending March 31, |
|
Leases |
|
Leases |
2026 |
|
$ |
2,051 |
|
$ |
4,368 |
2027 |
|
|
252 |
|
|
1,747 |
2028 |
|
|
— |
|
|
1,636 |
2029 |
|
|
— |
|
|
1,337 |
2030 |
|
|
— |
|
|
256 |
Thereafter |
|
|
— |
|
|
1,626 |
Total lease payments |
|
$ |
2,303 |
|
$ |
10,970 |
Less: imputed interest |
|
|
(38) |
|
|
(2,443) |
Present value of lease liabilities |
|
$ |
2,265 |
|
$ |
8,527 |
|