Property and Equipment (Tables)

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following (dollars in thousands):



	March 31,
	2013			2012
Furniture, fixtures and computer equipment	$	9,287		$	8,410
Leasehold improvements	3,175			1,904
Capitalized software⁽¹⁾	21,725			17,564
	34,187			27,878
Less accumulated depreciation and amortization	(19,925		)	(17,032		)
	$	14,262		$	10,846

(1) Includes $1.9 million and $1.5 million of capitalized costs associated with software projects which are still in the application development stage as of March 31, 2013 and 2012, respectively, and, as such, are not being amortized.

Schedule of expected amortization expense, capitalized software

Amortization expense related to capitalized software no longer in the application development stage over the next five fiscal years and thereafter as of March 31, 2013 is expected to be as follows (in thousands):



2014	$	2,756
2015	2,214
2016	1,582
2017	936
2018	301
Thereafter	—
	$	7,789

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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