SEGMENT REPORTING

9 Months Ended

Dec. 31, 2015

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, 2015							December 31, 2014
	Technology		Financing			Total		Technology		Financing		Total
Sales of product and services	$	287,859	$	-		$	287,859	$	295,679	$	-	$	295,679
Financing revenue		-		9,289			9,289		-		8,406		8,406
Fee and other income		1,506		(10	)		1,496		2,140		16		2,156
Net sales		289,365		9,279			298,644		297,819		8,422		306,241
Cost of sales, product and services		231,503		-			231,503		238,202		-		238,202
Direct lease costs		-		3,081			3,081		-		2,601		2,601
Cost of sales		231,503		3,081			234,584		238,202		2,601		240,803
Professional and other fees		1,608		274			1,882		1,158		278		1,436
Salaries and benefits		35,043		2,329			37,372		33,507		2,125		35,632
General and administrative expenses		6,530		235			6,765		6,918		315		7,233
Interest and financing costs		10		386			396		19		556		575
Operating expenses		43,191		3,224			46,415		41,602		3,274		44,876
Operating income		14,671		2,974			17,645		18,015		2,547		20,562
Other income		-		-			-		-		6,169		6,169
Earnings before provision for income taxes	$	14,671	$	2,974		$	17,645	$	18,015	$	8,716	$	26,731
Depreciation and amortization	$	1,327	$	3,078		$	4,405	$	1,244	$	2,566	$	3,810
Purchases of property, equipment and operating lease equipment	$	506	$	884		$	1,390	$	1,846	$	3,774	$	5,620
Total assets	$	401,422	$	229,012		$	630,434	$	366,740	$	224,625	$	591,365

	Nine Months Ended
	December 31, 2015						December 31, 2014
	Technology		Financing		Total		Technology		Financing		Total
Sales of product and services	$	871,814	$	-	$	871,814	$	843,619	$	-	$	843,619
Financing revenue		-		27,914		27,914		-		26,339		26,339
Fee and other income		5,038		30		5,068		5,969		90		6,059
Net sales		876,852		27,944		904,796		849,588		26,429		876,017
Cost of sales, product and services		700,429		-		700,429		681,852		-		681,852
Direct lease costs		-		9,256		9,256		-		8,364		8,364
Cost of sales		700,429		9,256		709,685		681,852		8,364		690,216
Professional and other fees		4,175		738		4,913		4,065		781		4,846
Salaries and benefits		101,471		6,855		108,326		96,140		6,691		102,831
General and administrative expenses		20,381		748		21,129		19,379		1,285		20,664
Interest and financing costs		51		1,320		1,371		77		1,753		1,830
Operating expenses		126,078		9,661		135,739		119,661		10,510		130,171
Operating income		50,345		9,027		59,372		48,075		7,555		55,630
Other income		-		-		-		-		7,603		7,603
Earnings before provision for income taxes	$	50,345	$	9,027	$	59,372	$	48,075	$	15,158	$	63,233
Depreciation and amortization	$	3,728	$	9,243	$	12,971	$	3,219	$	8,222	$	11,441
Purchases of property, equipment and operating lease equipment	$	1,700	$	15,308	$	17,008	$	2,932	$	4,639	$	7,571
Total assets	$	401,422	$	229,012	$	630,434	$	366,740	$	224,625	$	591,365