PROPERTY AND EQUIPMENT

3 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

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

	June 30, 2023		March 31, 2023
Leasehold improvements	$	25,247	$	25,262
Data processing equipment	5,400		6,537
Office furniture and other equipment	7,280		7,594
	37,927		39,393
Less accumulated depreciation and amortization	31,872		32,308
Property and equipment, net of accumulated depreciation and amortization	$	6,055	$	7,085

Depreciation expense on property and equipment was $0.8 million and $1.1 million for the three months ended June 30, 2023 and 2022, respectively.