SEGMENT REPORTING

9 Months Ended

Dec. 31, 2014

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

13. SEGMENT REPORTING

Our operations are conducted through two 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 enterprises, state and local governments, and government contractors. Our financing segment consists of the financing of IT equipment, software and related services to commercial enterprises, state and local governments, and government contractors. Our reportable segment information was as follows (in thousands):

	Three Months Ended
	December 31, 2014						December 31, 2013
	Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	295,679	$	-	$	295,679	$	255,747	$	-	$	255,747
Financing revenue		-		8,406		8,406		-		9,228		9,228
Fee and other income		2,140		16		2,156		2,193		14		2,207
Total revenues		297,819		8,422		306,241		257,940		9,242		267,182
Cost of sales, product and services		238,202		-		238,202		207,378		-		207,378
Direct lease costs		-		2,601		2,601		-		3,055		3,055
Total cost of revenues		238,202		2,601		240,803		207,378		3,055		210,433
Professional and other fees		1,158		278		1,436		1,770		238		2,008
Salaries and benefits		33,507		2,125		35,632		28,460		2,335		30,795
General and administrative expenses		6,918		315		7,233		5,082		315		5,397
Interest and financing costs		19		556		575		19		477		496
Operating expenses		41,602		3,274		44,876		35,331		3,365		38,696
Operating income		18,015		2,547		20,562		15,231		2,822		18,053
Other income		-		6,169		6,169		-		-		-
Earnings before provision for income taxes	$	18,015	$	8,716	$	26,731	$	15,231	$	2,822	$	18,053
Depreciation and amortization	$	1,244	$	2,566	$	3,810	$	810	$	3,632	$	4,442
Purchases of property, equipment and operating lease equipment	$	1,846	$	3,774	$	5,620	$	699	$	480	$	1,179
Total assets	$	366,740	$	224,625	$	591,365	$	302,487	$	204,290	$	506,777

	Nine Months Ended
	December 31, 2014						December 31, 2013
	Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	843,619	$	-	$	843,619	$	764,067	$	-	$	764,067
Financing revenue		-		26,339		26,339		-		27,989		27,989
Fee and other income		5,969		90		6,059		5,478		94		5,572
Total revenues		849,588		26,429		876,017		769,545		28,083		797,628
Cost of sales, product and services		681,852		-		681,852		625,562		-		625,562
Direct lease costs		-		8,364		8,364		-		9,803		9,803
Total cost of revenues		681,852		8,364		690,216		625,562		9,803		635,365
Professional and other fees		4,065		781		4,846		6,214		940		7,154
Salaries and benefits		96,140		6,691		102,831		83,603		7,559		91,162
General and administrative expenses		19,379		1,285		20,664		15,596		861		16,457
Interest and financing costs		77		1,753		1,830		64		1,325		1,389
Operating expenses		119,661		10,510		130,171		105,477		10,685		116,162
Operating income		48,075		7,555		55,630		38,506		7,595		46,101
Other income		-		7,603		7,603		-		-		-
Earnings before provision for income taxes	$	48,075	$	15,158	$	63,233	$	38,506	$	7,595	$	46,101
Depreciation and amortization	$	3,219	$	8,222	$	11,441	$	2,054	$	9,747	$	11,801
Purchases of property, equipment and operating lease equipment	$	2,932	$	4,639	$	7,571	$	3,771	$	4,167	$	7,938
Total assets	$	366,740	$	224,625	$	591,365	$	302,487	$	204,290	$	506,777