PROPERTY AND EQUIPMENT-NET

12 Months Ended

Mar. 31, 2012

PROPERTY AND EQUIPMENT-NET [Abstract]

6. PROPERTY AND EQUIPMENT-NET

Property and equipment-net consists of the following (in thousands):

	March 31,
	2012			2011
Furniture, fixtures and equipment	$	9,082		$	8,818
Vehicles		312			334
Capitalized software		5,199			6,701
Leasehold improvements		2,446			2,270
Less: Accumulated depreciation and amortization		(14,953	)		(16,306	)
Property and equipment - net	$	2,086		$	1,817

For the years ended March 31, 2012 and 2011, depreciation expense on property and equipment was $967 thousand and $1,229 thousand, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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