PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES

9 Months Ended

Dec. 31, 2019

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES [Abstract]

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES

8. PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES

Our property, equipment, other assets and liabilities consist of the following (in thousands):

	December 31, 2019		March 31, 2019
Other current assets:
Deposits & funds held in escrow	$	2,438	$	438
Prepaid assets		6,324		6,425
Other		47		636
Total other current assets	$	8,809	$	7,499
Property, equipment and other assets
Property and equipment, net	$	7,078	$	7,314
Deferred costs - non-current		11,338		8,856
Right-of-use assets		14,577		-
Other		1,007		1,158
Total other assets - long term	$	34,000	$	17,328
Other current liabilities:
Accrued expenses	$	9,639	$	7,813
Accrued income taxes payable		1,424		181
Contingent consideration - current		283		5,162
Short-term lease liability		5,231		-
Other		8,418		6,129
Total other current liabilities	$	24,995	$	19,285
Other liabilities:
Deferred revenue	$	17,076	$	13,789
Contingent consideration - long-term		-		3,780
Long-term lease liability		9,385		-
Other		2,127		108
Total other liabilities - long term	$	28,588	$	17,677

In the above table, deposits and funds held in escrow relate to financial assets that were sold to third-party banks. In conjunction with those sales, a portion of the proceeds was placed in escrow and will be released to us upon payment of outstanding invoices related to the underlying financing arrangements that were sold.

In September 2019, we reached a settlement in full for one of our contingent consideration arrangements in the amount of $9.6 million which was paid in October 2019. This settlement is the primary factor behind the decrease in short-term and long-term contingent consideration.