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Property and Equipment, Net

12 Months Ended

Mar. 31, 2012

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

5.

PROPERTY AND EQUIPMENT, NET

Property and equipment at March 31, 2012 and 2011 is as follows:


		Year ended March 31

(In thousands)		2012				2011
Furniture and equipment		$	13,273			$	40,573
Software			17,224				49,548
Leasehold improvements			4,754				8,841
Project expenditures not yet in use			173				668
			35,424				99,630
Accumulated depreciation and amortization			(18,920	)			(74,775	)
Property and equipment, net		$	16,504			$	24,855

Total depreciation expense on property and equipment was $9.0 million, $3.9 million, and $3.3 million during fiscal 2012, 2011, and 2010, respectively. Total amortization expense on capitalized internal-use software was $2.5 million, $3.9 million and 3.5 million during fiscal 2012, 2011, and 2010, respectively.

Assets under capital leases are included in property and equipment categories above. Total assets under capital leases at March 31, 2012 and 2011 are as follows:


		Year Ended March 31,

(In thousands)		2012				2011
Capital leases		$	2,500			$	3,067
Less accumulated depreciation			(920	)			(862	)
Assets under capital lease, net		$	1,580			$	2,205

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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