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PROPERTY AND EQUIPMENT
 9 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
7. PROPERTY AND EQUIPMENT:

Property and equipment is summarized as follows (dollars in thousands):
December 31, 2024March 31, 2024
Leasehold improvements$14,511 $14,147 
Data processing equipment5,608 5,915 
Office furniture and other equipment3,980 5,332 
24,099 25,394 
Less accumulated depreciation and amortization(17,440)(17,213)
Property and equipment, net of accumulated depreciation and amortization$6,659 $8,181 
Depreciation expense on property and equipment was $2.1 million and $2.0 million for the nine months ended December 31, 2024 and 2023, respectively.