Property and Equipment

12 Months Ended

Mar. 31, 2013

Note 4. Property and Equipment

All of the Company's property and equipment is located in the United States. Property and equipment, excluding land, is depreciated using the straight-line method, and is summarized as follows:

	2013			2012

Land	$	4,740,800		$	4,740,800
Building, building improvements and leasehold improvements		21,147,600			19,342,700
Information technology equipment and computer software		21,226,200			21,288,700
Furniture, telephone system, equipment and tooling		7,716,200			7,971,700
		54,830,800			53,343,900
Less accumulated depreciation and amortization		(31,628,800	)		(30,438,200	)
Property and equipment, net	$	23,202,000		$	22,905,700

Depreciation and amortization of property and equipment was $4,926,400, $4,747,600 and $4,337,700 for fiscal years 2013, 2012 and 2011, respectively.

Capitalized internally developed computer software, net of accumulated amortization, as of March 31, 2013 and April 1, 2012 was $1,156,800 and $2,029,300, respectively. Amortization expense of capitalized computer software was $1,322,400, $1,667,800 and $1,460,300 for fiscal years 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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