PROPERTY AND EQUIPMENT

12 Months Ended

Mar. 31, 2013

5.PROPERTY AND EQUIPMENT

Property and equipment, summarized by major classification, was as follows (in thousands):

	March 31,
	2013		2012

Buildings and improvements	$	376,998	$	375,218
Leasehold improvements		17,055		17,387
Furniture and fixtures		57,609		68,093
Computer equipment and software		76,989		71,725

		528,651		532,423

Less accumulated depreciation and amortization		226,159		210,432

Net property and equipment	$	302,492	$	321,991

Depreciation and amortization of property and equipment totaled $33.0 million, $30.1 million and $27.9 million for the years ended March 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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