Property and Equipment

12 Months Ended

Mar. 31, 2026

Note 4 — Property and Equipment

Property and equipment, net consisted of the following at March 31, 2026 and 2025:


	2026			2025
Computer software	$	270,404,000		$	234,459,000
Office equipment and computers		76,788,000			65,429,000
Land, building and improvements		11,047,000			11,047,000
Leasehold improvements		23,075,000			22,607,000
		381,314,000			333,542,000
Less: accumulated depreciation and amortization		(263,408,000	)		(241,490,000	)
	$	117,906,000		$	92,052,000

Depreciation expense totaled $31,589,000, $29,152,000 and $25,829,000 for the fiscal years ended March 31, 2026, 2025 and 2024, respectively.