PROPERTY AND EQUIPMENT:

9 Months Ended

Dec. 31, 2015

PROPERTY AND EQUIPMENT:

PROPERTY AND EQUIPMENT:

8.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 below (dollars in thousands):

	December 31, 2015		March 31, 2015
Land	$	6,737	$	6,737
Buildings and improvements	219,846		202,439
Data processing equipment	254,597		245,538
Office furniture and other equipment	39,082		51,007
	520,262		505,721
Less accumulated depreciation and amortization	341,868		329,467
	$	178,394	$	176,254

Depreciation expense on property and equipment (including amortization of property and equipment under capitalized leases) was $10.0 million and $9.2 million for the quarters ended December 31, 2015 and 2014, respectively.  Depreciation expense on property and equipment (including amortization of property and equipment under capitalized leases) was $29.8 million and $25.8 million for the nine months ended December 31, 2015 and 2014, respectively.