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PROPERTY AND EQUIPMENT:
12 Months Ended
Mar. 31, 2016
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,
2016

 

March 31,
2015

 

Land

 

$

6,737 

 

$

6,737 

 

Buildings and improvements

 

222,868 

 

202,439 

 

Data processing equipment

 

261,101 

 

245,538 

 

Office furniture and other equipment

 

37,969 

 

51,007 

 

 

 

 

 

 

 

 

 

528,675 

 

505,721 

 

Less accumulated depreciation and amortization

 

345,632 

 

329,467 

 

 

 

 

 

 

 

 

 

$

183,043 

 

$

176,254 

 

 

 

 

 

 

 

 

 

 

Depreciation expense on property and equipment (including amortization of property and equipment under capitalized leases) was $40.6 million, $35.5 million and $29.6 million for the fiscal years ended March 31, 2016, 2015 and 2014, respectively.