Property and Equipment, Net

12 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment at March 31, 2014 and 2013 is as follows:



	Year ended March 31,
(In thousands)	2014			2013

Furniture and equipment	$	8,849		$	9,173
Software	16,982			16,349
Leasehold improvements	4,836			4,522
Project expenditures not yet in use	2,749			1,379
	33,416			31,423
Accumulated depreciation and amortization	(21,165		)	(17,632		)
Property and equipment, net	$	12,251		$	13,791

Total depreciation expense on property and equipment was $2.1 million during fiscal 2014and 2013, respectively, and $8.4 million during fiscal 2012. In fiscal 2012, we incurred accelerated depreciation expense of $4.4 million of property and equipment that was due to the relocation of our previous corporate services in Solon, Ohio to Alpharetta, Georgia.

Total amortization expense on capitalized internal-use software was $5.3 million, $2.1 million and $2.4 million during fiscal 2014, 2013, and 2012, respectively. In fiscal 2014, we initiated an internal enterprise resource planning (ERP) system replacement project and determined that amortization for our existing ERP system should be accelerated. We recorded approximately $3.2 million in fiscal 2014 of additional amortization in connection with this acceleration. The existing ERP system will be fully amortized as of June 30, 2014.

During the third quarter of fiscal 2014, in connection with the ERP system replacement project, we determined that certain internal use developed software would not be continued. As a result, we impaired the entire asset and $0.3 million was recorded as an impairment charge.

Assets under capital leases are included in property and equipment categories above. Total assets under capital leases at March 31, 2014 and 2013 are as follows:



	Year ended March 31,
(In thousands)	2014			2013

Capital leases	$	817		$	983
Less accumulated depreciation	(692		)	(983		)
Assets under capital lease, net	$	125		$	—

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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