| Leases The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Nine Months Ended December 31, | | 2025 | | 2024 | | 2025 | | 2024 | | Operating lease expense | $ | 2,715 | | | $ | 2,869 | | | $ | 8,244 | | | $ | 8,907 | | | Variable lease expense | $ | 965 | | | $ | 960 | | | $ | 2,880 | | | $ | 3,008 | |
The supplemental cash flow information related to leases was as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Nine Months Ended December 31, | | 2025 | | 2024 | | 2025 | | 2024 | | Cash outflows from operating leases | $ | 3,334 | | | $ | 3,639 | | | $ | 10,274 | | | $ | 11,034 | | | Right-of-use assets obtained in exchange for operating lease obligations | $ | — | | | $ | — | | | $ | — | | | $ | 1,954 | |
Short-term lease expense was immaterial during the nine months ended December 31, 2025 and 2024, respectively. The following table presents supplemental lease information: | | | | | | | | | | | | | December 31, 2025 | | March 31, 2025 | | Weighted-average remaining lease term | 4.7 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 December 31, 2025 (in thousands): | | | | | | | Remainder of fiscal year 2026 | $ | 3,406 | | | 2027 | 12,304 | | | 2028 | 11,554 | | | 2029 | 11,430 | | | 2030 | 11,433 | | | Thereafter | 7,937 | | | Total lease payments | 58,064 | | | Less: imputed interest | (5,640) | | | Present value of lease liabilities | $ | 52,424 | | | Operating lease liabilities | 10,574 | | | Operating lease liabilities, non-current | $ | 41,850 | |
The Company continues to evaluate its leases for potential impairments, noting no further impairments during the nine months ended December 31, 2025.
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