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Property and Equipment, Net
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Major classifications of property and equipment consist of the following (in thousands):
March 31,
20252024
Building$14,999 $14,999 
Land3,700 3,700 
Building Improvements4,627 4,511 
Computer Software21,312 14,246 
Furniture, fixtures and equipment9,431 9,329 
54,069 46,785 
Less: accumulated depreciation(25,210)(20,128)
Property and equipment, net$28,859 $26,657 
Depreciation expense was $5.1 million, $5.1 million and $3.5 million for the twelve months ended March 31, 2025, 2024 and 2023, respectively.
The Company evaluated its tangible property and equipment for indicators of impairment as of March 31, 2025 and concluded that no impairment existed.