| Leases The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Six Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Operating lease expense | $ | 2,675 | | | $ | 2,873 | | | $ | 5,529 | | | $ | 6,038 | | | Variable lease expense | $ | 965 | | | $ | 967 | | | $ | 1,915 | | | $ | 2,048 | |
The supplemental cash flow information related to leases was as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Six Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Cash outflows from operating leases | $ | 3,438 | | | $ | 3,653 | | | $ | 6,940 | | | $ | 7,395 | | | Right-of-use assets obtained in exchange for operating lease obligations | $ | — | | | $ | — | | | $ | — | | | $ | 1,954 | |
Short-term lease expense was immaterial during the six months ended September 30, 2025 and 2024, respectively. The following table presents supplemental lease information: | | | | | | | | | | | | | September 30, 2025 | | March 31, 2025 | | Weighted-average remaining lease term | 5.0 years | | 5.4 years | | Weighted-average discount rate | 4.6% | | 4.7% |
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of September 30, 2025 (in thousands): | | | | | | | Remainder of fiscal year 2026 | $ | 6,752 | | | 2027 | 12,305 | | | 2028 | 11,560 | | | 2029 | 11,430 | | | 2030 | 11,430 | | | Thereafter | 7,945 | | | Total lease payments | 61,422 | | | Less: imputed interest | (6,262) | | | Present value of lease liabilities | $ | 55,160 | | | Operating lease liabilities | 10,740 | | | Operating lease liabilities, non-current | $ | 44,420 | |
The Company continues to evaluate its leases for potential impairments, noting no further impairments during the six months ended September 30, 2025.
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