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Property and Equipment, Net
12 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment at March 31, 2026 and 2025 is as follows:

 

 

 

Year Ended March 31,

 

(In thousands)

 

2026

 

 

2025

 

Furniture and equipment

 

$

17,459

 

 

$

17,190

 

Software

 

 

16,483

 

 

 

16,474

 

Leasehold improvements

 

 

8,990

 

 

 

9,023

 

Facilities construction in progress

 

 

63

 

 

 

286

 

 

 

42,995

 

 

 

42,973

 

Accumulated depreciation and amortization

 

 

(29,045

)

 

 

(26,255

)

Property and equipment, net

 

$

13,950

 

 

$

16,718

 

Total depreciation expense on property and equipment was $3.8 million, $3.7 million, and $3.9 million during fiscal 2026, 2025 and 2024, respectively.

The Company capitalizes internal-use software as property and equipment under ASC 350-40, Internal-Use Software. Total amortization expense on capitalized internal-use software was $0.3 million, $0.3 million, and $0.3 million during fiscal 2026, 2025, and 2024, respectively.