Property and Equipment

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consist of:



	March 31, 2013			March 31, 2012
Land	$	250,443		250,443
Building and leasehold improvements	17,380,828			15,907,910
Furniture and equipment	38,643,075			35,362,686
	56,274,346			51,521,039
Less accumulated depreciation and amortization	(32,338,907		)	(28,035,604	)
Total	$	23,935,439		23,485,435

Depreciation expense was approximately $6.4 million, $6.5 million and $6.2 million for the years ended March 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details