Property and Equipment, Net

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment at March 31, 2013 and 2012 is as follows:



	Year ended March 31,
(In thousands)	2013		2012

Furniture and equipment	13,451		13,273
Software	17,259		17,224
Leasehold improvements	5,337		4,754
Project expenditures not yet in use	1,446		173
	37,493		35,424
Accumulated depreciation and amortization	(21,950	)	(18,920	)
Property and equipment, net	15,543		16,504

Total depreciation expense on property and equipment was $2.7 million, $9.0 million, and $3.9 million during fiscal 2013, 2012, and 2011, respectively. Total amortization expense on capitalized internal-use software was $2.2 million, $2.5 million and $3.9 million during fiscal 2013, 2012, and 2011, respectively.

Assets under capital leases are included in property and equipment categories above. Total assets under capital leases at March 31, 2013 and 2012 are as follows:



	Year ended March 31,
(In thousands)	2013		2012

Capital leases	2,627		2,500
Less accumulated depreciation	(2,073	)	(920	)
Assets under capital lease, net	554		1,580

- 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.

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