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PROPERTY AND EQUIPMENT:
12 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT: PROPERTY AND EQUIPMENT:
 
Property and equipment is summarized as follows (dollars in thousands): 
 March 31,March 31,
 20192018
Leasehold improvements$20,097 $15,635 
Data processing equipment37,678 39,938 
Office furniture and other equipment7,077 6,780 
 64,852 62,353 
Less accumulated depreciation and amortization38,809 30,013 
 $26,043 $32,340 
Depreciation expense on property and equipment was $15.6 million, $11.8 million and $11.2 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively. Depreciation expense in fiscal 2019 included $3.8 million of accelerated depreciation expense associated with the reduced useful life of certain IT equipment in connection with the Company's migration to a cloud-based data center solution.