PROPERTY AND EQUIPMENT

3 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT:

PROPERTY AND EQUIPMENT:

Property and equipment is summarized as follows (dollars in thousands):

	June 30, 2019		March 31, 2019
Leasehold improvements	$	22,380	$	20,097
Data processing equipment	37,798		37,678
Office furniture and other equipment	8,476		7,077
	68,654		64,852
Less accumulated depreciation and amortization	44,047		38,809
	$	24,607	$	26,043

Depreciation expense on property and equipment was $5.3 million and $2.7 million for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense for the three months ended June 30, 2019 included

$1.9 million of accelerated depreciation expense associated with the reduced useful life of certain IT equipment in connection with the Company's migration to a cloud-based data center solution.