PROPERTY AND EQUIPMENT

9 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

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

	December 31, 2022		March 31, 2022
Leasehold improvements	$	27,490	$	28,224
Data processing equipment	7,545		7,001
Office furniture and other equipment	7,919		9,776
	42,954		45,001
Less accumulated depreciation and amortization	34,145		33,470
Property and equipment, net of accumulated depreciation and amortization	$	8,809	$	11,531

Depreciation expense on property and equipment was $3.1 million and $4.2 million for the nine months ended December 31, 2022 and 2021, respectively.