Property and Equipment

12 Months Ended

Mar. 29, 2015

Note 3. Property and Equipment

All of the Company’s property and equipment is located in the United States. Property and equipment, and is summarized as follows:

	2015			2014

Land	$	4,740,800		$	4,740,800
Building, building improvements and leasehold improvements		21,375,500			21,202,400
Information technology equipment and computer software		25,751,500			24,625,800
Furniture, telephone system, equipment and tooling		7,809,400			7,734,000
		59,677,200			58,303,000
Less accumulated depreciation and amortization		(38,565,400	)		(35,537,600	)
Property and equipment, net	$	21,111,800		$	22,765,400

Depreciation and amortization of property and equipment was $4,583,600, $4,852,800, and $4,926,400 for fiscal years 2015, 2014 and 2013, respectively.

Capitalized internally developed computer software, net of accumulated amortization, as of March 29, 2015 and March 30, 2014 was $844,000 and $1,012,400, respectively. Amortization expense of capitalized internally developed computer software was $797,800, $980,300, and $1,322,400 for fiscal years 2015, 2014, and 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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