Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
9 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Future minimum lease payments as of December 31, 2019, consisted of the following (in thousands):
Fiscal Year
 
Operating Leases
2020 (1)
 
$
184

2021
 
420

2022
 
67

2023
 
69

2024
 
70

Thereafter
 
66

Total lease payments
 
876

Less: imputed interest
 
(46
)
Total operating lease liabilities
 
$
830

_______
(1) Represents the future minimum operating lease payments expected to be made over the remaining balance of the fiscal year.
Lease, Cost [Table Text Block]
The components of lease expense are as follows:
(in thousands)
Three months ended December 31, 2019
 
Nine months ended December 31, 2019
Operating lease expense
$
202

 
$
610

Variable lease expense (1)
25

 
88

Total lease expense (2)
$
227

 
$
698

_______
(1) Variable lease expense is related to our leased real estate in Ohio and New Hampshire and primarily includes labor and operational costs as well as taxes and insurance.
(2) Short-term lease expense is immaterial.
ScheduleOfClassificationOfRightOfUseAssetsAndLeaseLiabilities [Table Text Block]
The following table summarizes the classification of ROU assets and lease liabilities as of December 31, 2019:
(in thousands)
 
December 31, 2019
 
Balance Sheet Classification
Assets:
 
 
 
 
ROU assets
 
$
810

 
Right-of-use assets on operating leases, net
Liabilities:
 
 
 
 
  Current operating lease liability
 
566

 
Accrued expenses
  Non-current operating lease liabilities
 
264

 
Other non-current liabilities
Total lease liabilities
 
$
830