PROPERTY AND EQUIPMENT

12 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

8. PROPERTY AND EQUIPMENT:

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

	March 31, 2025		March 31, 2024
Leasehold improvements	$	14,508	$	14,147
Data processing equipment	5,425		5,915
Office furniture and other equipment	3,880		5,332
	23,813		25,394
Less accumulated depreciation and amortization	(17,629)		(17,213)
Property and equipment, net of accumulated depreciation and amortization	$	6,184	$	8,181

Depreciation expense on property and equipment was $2.8 million, $2.7 million, and $4.0 million for the twelve months ended March 31, 2025, 2024, and 2023, respectively.