PROPERTY AND EQUIPMENT

12 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT:

Property and equipment is summarized as follows (dollars in thousands):

	March 31, 2024		March 31, 2023
Leasehold improvements	$	14,147	$	25,262
Data processing equipment	5,915		6,537
Office furniture and other equipment	5,332		7,594
	25,394		39,393
Less accumulated depreciation and amortization	(17,213)		(32,308)
Property and equipment, net of accumulated depreciation and amortization	$	8,181	$	7,085

Depreciation expense on property and equipment was $2.7 million, $4.0 million, and $5.4 million for fiscal years ended March 31, 2024, 2023, and 2022, respectively.