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Property and Equipment, Net
9 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
December 31, 2024March 31, 2024
Furniture and equipment$2,140 $2,833 
Computers and software689 745 
Leasehold improvements816 992 
Internal-use software development costs33,141 26,827 
Total property and equipment36,786 31,397 
Less: accumulated depreciation and amortization(23,309)(19,079)
Total property and equipment, net$13,477 $12,318 
Depreciation and amortization expense on property and equipment was $1.5 million and $4.6 million for the three and nine months ended December 31, 2024, respectively, and $1.4 million and $4.2 million for the three and nine months ended December 31, 2023, respectively. Included in these amounts was amortization expense for internal-use software development costs of $1.5 million and $4.2 million for the three and nine months ended December 31, 2024, respectively, and $1.3 million and $3.7 million for the three and nine months ended December 31, 2023, respectively. The amortization of the internal-use software development costs is included in cost of revenue in the condensed consolidated statements of operations.
The Company capitalized internal-use software development costs of $2.4 million and $6.4 million, respectively, during the three and nine months ended December 31, 2024, and $1.5 million and $4.8 million, respectively, during the three and nine months ended December 31, 2023. Internal-use software development costs are included in property and equipment, net in the condensed consolidated balance sheets.
During the second quarter of fiscal 2025, an immaterial impairment charge was recognized on property and equipment in connection with a sublease. See Note 11 for further details. No other impairment was recognized on property and equipment during the three and nine months ended December 31, 2024 and 2023.