Leases (Tables)

3 Months Ended

Jun. 30, 2020

Future minimum lease payments as of June 30, 2020, consisted of the following (in thousands):



Fiscal Year	Operating Leases
2021 ⁽¹⁾	$	335
2022	577
2023	577
2024	582
2025	593
Thereafter	268
Total lease payments	2,932
Less: imputed interest	(331		)
Total operating lease liabilities	$	2,601

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⁽¹⁾ Represents the future minimum operating lease payments expected to be made over the remaining balance of the fiscal year.

The components of lease expense are as follows:

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⁽¹⁾ Variable lease expense is related to our leased real estate and primarily includes labor and operational costs as well as taxes and insurance.

⁽²⁾ Short-term lease expense is immaterial.

The following table summarizes the classification of ROU assets and lease liabilities as of June 30, 2020 and March 31, 2020:



(in thousands)	June 30, 2020		March 31, 2020		Balance Sheet Classification
Assets:
ROU assets	$	2,771	$	628	Right-of-use assets on operating leases, net
Liabilities:
Current operating lease liability	375		339		Accrued expenses
Non-current operating lease liabilities	2,226		250		Lease liabilities non-current
Total lease liabilities	$	2,601	$	589