Property and Equipment, Net

12 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment at March 31, 2016 and 2015 is as follows:

	Year ended March 31,
(In thousands)	2016			2015
Furniture and equipment	$	7,787		$	8,241
Software	8,674			8,196
Leasehold improvements	6,238			4,773
Project expenditures not yet in use	1,309			866
	24,008			22,076
Accumulated depreciation and amortization	(9,811		)	(10,147		)
Property and equipment, net	$	14,197		$	11,929

Total depreciation expense on property and equipment was $2.2 million, $2.2 million, and $2.1 million during fiscal 2016, 2015 and 2014, respectively.

Total amortization expense on capitalized internal-use software was $1.2 million, $2.5 million and $5.3 million during fiscal 2016, 2015, and 2014, 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, 2016 and 2015 are as follows:

	Year ended March 31,
(In thousands)	2016			2015
Capital leases	$	762		$	499
Less accumulated depreciation	(329		)	(213		)
Assets under capital lease, net	$	433		$	286