PROPERTY AND EQUIPMENT:

6 Months Ended

Sep. 30, 2015

7. PROPERTY AND EQUIPMENT:

Property and equipment of the Company’s continuing operations, some of which has been pledged as collateral for long-term debt, is summarized as follows (dollars in thousands):

	September 30, 2015		March 31, 2015
Land	$	6,737	$	6,737
Buildings and improvements	218,760		202,439
Data processing equipment	244,774		245,538
Office furniture and other equipment	39,302		51,007

	509,573		505,721
Less accumulated depreciation and amortization	333,405		329,467

	$	176,168	$	176,254

Depreciation expense on property and equipment (including amortization of property and equipment under capitalized leases) was $9.9 million and $7.3 million for the quarters ended September 30, 2015 and 2014, respectively. Depreciation expense on property and equipment (including amortization of property and equipment under capitalized leases) was $19.8 million and $16.6 million for the six months ended September 30, 2015 and 2014, respectively.