PROPERTY AND EQUIPMENT:

12 Months Ended

Mar. 31, 2012

PROPERTY AND EQUIPMENT:

PROPERTY AND EQUIPMENT:

8.             PROPERTY AND EQUIPMENT:

Property and equipment, some of which has been pledged as collateral for long-term debt, is summarized as follows (dollars in thousands):

	March 31, 2012		March 31, 2011
Land	$	6,737	$	6,737
Buildings and improvements	263,115		250,065
Data processing equipment	583,696		566,197
Office furniture and other equipment	59,525		63,968
	913,073		886,967
Less accumulated depreciation and amortization	659,700		632,297
	$	253,373	$	254,670

Depreciation expense on property and equipment (including amortization of property and equipment under capitalized leases) was $62.4 million, $64.1 million and $60.7 million for the years ended March 31, 2012, 2011 and 2010, respectively.