Property and Equipment, Net

12 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property and equipment at March 31, 2017 and 2016 is as follows:



	Year ended March 31,
(In thousands)	2017			2016

Furniture and equipment	$	7,955		$	7,787
Software	12,013			8,674
Leasehold improvements	6,317			6,238
Project expenditures not yet in use	2,217			2,364
	28,502			25,063
Accumulated depreciation and amortization	(12,502		)	(9,811		)
Property and equipment, net	$	16,000		$	15,252

Total depreciation expense on property and equipment was $2.4 million, $2.2 million, and $2.2 million during fiscal 2017, 2016 and 2015, respectively.

The Company capitalizes internal-use software, including software used exclusively in providing services or that is only made available to customers as a software service, as property and equipment under ASC 350-40, Internal-Use Software.

Total amortization expense on capitalized internal-use software was $1.4 million, $1.2 million and $2.5 million during fiscal 2017, 2016, and 2015, respectively.

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. This charge is classified within "Impairments 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, 2017 and 2016 are as follows:



	Year ended March 31,
(In thousands)	2017			2016

Capital leases	$	702		$	762
Less accumulated depreciation	(474		)	(329		)
Assets under capital lease, net	$	228		$	433