Property and Equipment, Net

12 Months Ended

Mar. 31, 2020

Property Plant And Equipment [Abstract]

4. Property and Equipment, Net

Property and equipment at March 31, 2020 and 2019 is as follows:

	Year ended March 31,
(In thousands)		2020			2019
Furniture and equipment	$	14,358		$	11,604
Software		17,136			16,427
Leasehold improvements		7,012			6,981
Project expenditures not yet in use		50			1,014
		38,556			36,026
Accumulated depreciation and amortization		(24,592	)		(20,188	)
Impairments		(1,734	)		—
Property and equipment, net	$	12,230		$	15,838

Total depreciation expense on property and equipment was $2.6 million, $2.5 million, and $2.6 million during fiscal 2020, 2019 and 2018, respectively.

The Company capitalizes internal-use software, including software used exclusively in providing services or that is only made available to customers as a software service, as property and equipment under ASC 350-40, Internal-Use Software. Total amortization expense on capitalized internal-use software was $2.5 million, $2.5 million and $1.8 million during fiscal 2020, 2019, and 2018, respectively. The global economic impact of the COVID-19 pandemic triggered management to review property and equipment held by the Company for indicators of impairment. The carrying value of our capitalized costs for internal-use software related to our rGuest Seat solution did not exceed the estimated undiscounted cash flows, and utilizing a market approach, was determined to be fully impaired, resulting in $1.7 million of asset impairment charges in the Consolidated Statement of Operations during the fiscal year ended March 31, 2020.

Assets under financing leases are included in property and equipment categories above and further disclosed with Note 6. Leases.