Property and Equipment

12 Months Ended

Mar. 31, 2012

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following (in thousands):



	March 31,
	2012			2011
Furniture, fixtures and computer equipment	$	8,410		$	7,133
Leasehold improvements	1,904			1,104
Capitalized software⁽¹⁾	17,564			14,347
	27,878			22,584
Less accumulated depreciation and amortization	(17,032		)	(13,750		)
	$	10,846		$	8,834


(1)	Includes $1.5 million and $1.2 million of capitalized costs associated with software projects which are still in the application development stage as of March 31, 2012 and 2011, respectively, and, as such, are not being amortized.

Depreciation expense was $3.5 million, $2.8 million and $2.3 million in Fiscal 2012, 2011 and 2010, respectively. Amortization expense related to capitalized software, included in the depreciation amounts above, was $2.3 million, $1.9 million and $1.4 million in Fiscal 2012, 2011 and 2010, respectively. Accumulated amortization related to capitalized software was $9.3 million and $7.0 million at March 31, 2012 and 2011, respectively. Amortization expense related to capitalized software no longer in the application development stage over the next five fiscal years and thereafter as of March 31, 2012 is expected to be as follows (in thousands):



2013	$	2,321
2014	2,014
2015	1,472
2016	843
2017	194
Thereafter	—
	$	6,844

- Definition

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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