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Property and Equipment
12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4 — Property and Equipment

Property and equipment, net consisted of the following at March 31, 2025 and 2024:

 

 

 

2025

 

 

2024

 

Computer software

 

$

234,459,000

 

 

$

213,145,000

 

Office equipment and computers

 

 

65,429,000

 

 

 

66,608,000

 

Land, building and improvements

 

 

11,047,000

 

 

 

11,123,000

 

Leasehold improvements

 

 

22,607,000

 

 

 

18,010,000

 

 

 

 

333,542,000

 

 

 

308,886,000

 

Less: accumulated depreciation and amortization

 

 

(241,490,000

)

 

 

(222,994,000

)

 

 

$

92,052,000

 

 

$

85,892,000

 

 

Depreciation expense totaled $29,152,000, $25,829,000 and $24,696,000 for the fiscal years ended March 31, 2025, 2024 and 2023, respectively.