SEGMENT REPORTING

6 Months Ended

Sep. 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
	September 30, 2014						September 30, 2013
	Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	286,584	$	-	$	286,584	$	261,283	$	-	$	261,283
Financing revenue		-		9,059		9,059		-		8,001		8,001
Fee and other income		1,782		47		1,829		1,829		16		1,845
Total revenues		288,366		9,106		297,472		263,112		8,017		271,129
Cost of sales, product and services		230,742		-		230,742		214,854		-		214,854
Direct lease costs		-		2,806		2,806		-		3,495		3,495
Total cost of revenues		230,742		2,806		233,548		214,854		3,495		218,349
Professional and other fees		1,321		256		1,577		1,580		328		1,908
Salaries and benefits		31,963		2,289		34,252		27,244		2,441		29,685
General and administrative expenses		6,703		455		7,158		5,701		358		6,059
Interest and financing costs		19		592		611		26		407		433
Operating expenses		40,006		3,592		43,598		34,551		3,534		38,085
Operating income & earnings before provision for income taxes	$	17,618	$	2,708	$	20,326	$	13,707	$	988	$	14,695
Depreciation and amortization	$	1,081	$	2,709	$	3,790	$	592	$	3,060	$	3,652
Purchases of property, equipment and operating lease equipment	$	744	$	706	$	1,450	$	1,845	$	1,628	$	3,473
Total assets	$	341,893	$	222,553	$	564,446	$	269,149	$	196,152	$	465,301
	Six Months Ended
	September 30, 2014						September 30, 2013
	Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	547,940	$	-	$	547,940	$	508,320	$	-	$	508,320
Financing revenue		-		17,933		17,933		-		18,761		18,761
Fee and other income		3,829		74		3,903		3,286		79		3,365
Total revenues		551,769		18,007		569,776		511,606		18,840		530,446
Cost of sales, product and services		443,650		-		443,650		418,184		-		418,184
Direct lease costs		-		5,763		5,763		-		6,748		6,748
Total cost of revenues		443,650		5,763		449,413		418,184		6,748		424,932
Professional and other fees		2,907		503		3,410		4,443		703		5,146
Salaries and benefits		62,633		4,566		67,199		55,142		5,225		60,367
General and administrative expenses		12,461		970		13,431		10,515		545		11,060
Interest and financing costs		58		1,197		1,255		46		847		893
Operating expenses		78,059		7,236		85,295		70,146		7,320		77,466
Operating income		30,060		5,008		35,068		23,276		4,772		28,048
Other income		-		1,434		1,434		-		-		-
Earnings before provision for income taxes	$	30,060	$	6,442	$	36,502	$	23,276	$	4,772	$	28,048
Depreciation and amortization	$	1,975	$	5,656	$	7,631	$	1,244	$	6,115	$	7,359
Purchases of property, equipment and operating lease equipment	$	1,086	$	833	$	1,919	$	3,071	$	3,688	$	6,759
Total assets	$	341,893	$	222,553	$	564,446	$	269,149	$	196,152	$	465,301