SEGMENT REPORTING

3 Months Ended

Jun. 30, 2014

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

13. 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):

	Three Months Ended June 30,
	2014						2013
	Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	261,356	$	-	$	261,356	$	247,037	$	-	$	247,037
Financing revenue		-		8,874		8,874		-		10,760		10,760
Fee and other income		2,047		27		2,074		1,457		63		1,520
Total revenues		263,403		8,901		272,304		248,494		10,823		259,317
Cost of sales, product and services		212,908		-		212,908		203,330		-		203,330
Direct lease costs		-		2,957		2,957		-		3,253		3,253
Total cost of revenues		212,908		2,957		215,865		203,330		3,253		206,583
Professional and other fees		1,586		247		1,833		2,863		375		3,238
Salaries and benefits		30,670		2,277		32,947		27,898		2,784		30,682
General and administrative expenses		5,758		515		6,273		4,814		187		5,001
Interest and financing costs		39		605		644		20		440		460
Operating expenses		38,053		3,644		41,697		35,595		3,786		39,381
Operating income		12,442		2,300		14,742		9,569		3,784		13,353
Other income		-		1,434		1,434		-		-		-
Earnings before provision for income tax	$	12,442	$	3,734	$	16,176	$	9,569	$	3,784	$	13,353
Depreciation and amortization	$	894	$	2,947	$	3,841	$	652	$	3,055	$	3,707
Purchases of property, equipment and operating lease equipment	$	342	$	127	$	469	$	1,226	$	2,013	$	3,239
Total assets	$	303,510	$	226,976	$	530,486	$	293,327	$	201,165	$	494,492