SEGMENT REPORTING

12 Months Ended

Mar. 31, 2014

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

14. SEGMENT REPORTING

Our operations are conducted through two business segments. Our technology segment includes sales of information technology products, third-party software, third-party maintenance, advanced professional and managed services and our proprietary software to commercial, state and local governments, and government contractors.  Our financing segment consists of the financing of IT equipment, software and related services to commercial, state and local governments, and government contractors. Our reportable segment information was as follows (in thousands):

	Year Ended March 31,
	2014						2013						2012
	Technology		Financing		Total		Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	1,013,374	$	-	$	1,013,374	$	936,228	$	-	$	936,228	$	784,951	$	-	$	784,951
Financing revenue		-		35,896		35,896		-		38,384		38,384		-		30,899		30,899
Fee and other income		8,037		229		8,266		6,949		1,551		8,500		7,455		2,276		9,731
Total revenues		1,021,411		36,125		1,057,536		943,177		39,935		983,112		792,406		33,175		825,581
Cost of sales, product and services		827,875		-		827,875		767,447		-		767,447		645,558		-		645,558
Direct lease costs		-		12,748		12,748		-		10,892		10,892		-		8,508		8,508
Professional and other fees		7,557		1,484		9,041		9,638		3,460		13,098		10,283		1,461		11,744
Salaries and benefits		113,481		9,670		123,151		100,447		10,516		110,963		88,321		9,947		98,268
General and administrative expenses		21,103		1,572		22,675		19,028		1,071		20,099		16,627		3,872		20,499
Interest and financing costs		84		1,864		1,948		89		1,779		1,868		93		1,337		1,430
Total costs and expenses		970,100		27,338		997,438		896,649		27,718		924,367		760,882		25,125		786,007
Earnings before provision for income taxes	$	51,311	$	8,787	$	60,098	$	46,528	$	12,217	$	58,745	$	31,524	$	8,050	$	39,574
Depreciation and amortization	$	2,838	$	11,917	$	14,755	$	2,369	$	9,799	$	12,168	$	1,476	$	7,889	$	9,365
Purchases of property, equipment and operating lease equipment	$	4,238	$	5,714	$	9,952	$	1,401	$	14,183	$	15,584	$	1,568	$	6,087	$	7,655
Total assets	$	335,879	$	217,966	$	553,845	$	255,257	$	184,638	$	439,895	$	241,488	$	192,200	$	433,688

The geographic information for the years ended March 31, 2014, 2013 and 2012 was as follows (in thousands):

	Year Ended March 31,
	2014		2013		2012
Revenue
U.S.	$	1,042,446	$	964,996	$	812,364
Non U.S.		15,090		18,116		13,217
Total	$	1,057,536	$	983,112	$	825,581

	As of March 31,
	2014		2013
Assets
U.S.	$	551,723	$	437,509
Non U.S.		2,122		2,386
Total	$	553,845	$	439,895

For the year ended March 31, 2014, and 2013, sales to a large telecommunications company were approximately 11% and 14%, respectively, of total revenues, all of which related to our technology segment. No customer accounted for more than 10% of our revenues for the year ended March 31, 2012.