Property and Equipment, Net

12 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment at March 31, 2015 and 2014 is as follows:

	Year ended March 31,
(In thousands)	2015			2014
Furniture and equipment	$	8,241		$	8,849
Software	8,196			16,982
Leasehold improvements	4,773			4,836
Project expenditures not yet in use	866			2,749
	22,076			33,416
Accumulated depreciation and amortization	(10,147		)	(21,165		)
Property and equipment, net	$	11,929		$	12,251

Total depreciation expense on property and equipment was $2.2 million, $2.1 million, and $2.1 million during fiscal 2015, 2014 and 2013, respectively.

Total amortization expense on capitalized internal-use software was $2.5 million, $5.3 million and $2.1 million during fiscal 2015, 2014, and 2013, 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 was fully amortized as of June 30, 2014.

During the fourth quarter of fiscal 2015, a shift in customer preference for next generation offerings with more features and compatibility as compared to our Elevate™ POS hosted subscription solution, resulted in a write-off in the amount of $1.5 million. In fiscal 2014, we wrote off approximately $0.3 million related to certain internal use software in connection with the ERP system replacement project. These charges are classified within "Asset write-offs and other fair value adjustments" in the Consolidated Statements of Operations.

Assets under capital leases are included in property and equipment categories above. Total assets under capital leases at March 31, 2015 and 2014 are as follows:

	Year ended March 31,
(In thousands)	2015			2014
Capital leases	$	499		$	817
Less accumulated depreciation	(213		)	(692		)
Assets under capital lease, net	$	286		$	125