Property and Equipment, Net

12 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

4. Property and Equipment, Net

Property and equipment at March 31, 2023 and 2022 is as follows:


	Year ended March 31,
(In thousands)		2023			2022
Furniture and equipment	$	12,097		$	14,632
Software		15,989			16,338
Leasehold improvements		5,656			7,123
Facilities construction in progress		9,721			17
		43,463			38,110
Accumulated depreciation and amortization		(28,887	)		(31,765	)
Property and equipment, net	$	14,576		$	6,345

Total depreciation expense on property and equipment was $1.8 million, $2.2 million, and $2.8 million during fiscal 2023, 2022 and 2021, respectively.

The Company capitalizes internal-use software, including software purchased and 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 $0.6 million, $1.3 million and $2.0 million during fiscal 2023, 2022, and 2021, respectively.

Assets under financing leases are included in property and equipment categories above and further disclosed with Note 6. Leases.