XML 29 R12.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Property and Equipment, Net
 12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Major classifications of property and equipment consist of the following (in thousands):
March 31,
20242023
Building$14,999 $14,997 
Land3,700 3,700 
Building Improvements4,511 3,917 
Computer Software14,246 9,391 
Furniture, fixtures and equipment9,329 9,404 
46,785 41,409 
Less: accumulated depreciation(20,128)(15,231)
Property and equipment, net$26,657 $26,178 
Depreciation expense was $5.1 million, $3.5 million and $2.7 million for the twelve months ended March 31, 2024, 2023 and 2022, respectively.
The Company evaluated its tangible property and equipment for indicators of impairment as of March 31, 2024 and concluded that no impairment existed.