PROPERTY AND EQUIPMENT

9 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT:

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

	December 31, 2023		March 31, 2023
Leasehold improvements	$	22,882	$	25,262
Data processing equipment	5,963		6,537
Office furniture and other equipment	6,280		7,594
	35,125		39,393
Less accumulated depreciation and amortization	(26,923)		(32,308)
Property and equipment, net of accumulated depreciation and amortization	$	8,202	$	7,085

Depreciation expense on property and equipment was $2.0 million and $3.1 million for the nine months ended December 31, 2023 and 2022, respectively.