Major classifications of property and equipment consist of the following (in thousands):
March 31,
20262025
Building$14,999 $14,999 
Land3,700 3,700 
Building Improvements4,511 4,627 
Computer Software25,950 21,312 
Furniture, fixtures and equipment9,078 9,431 
58,238 54,069 
Less: accumulated depreciation and amortization(31,912)(25,210)
Property and equipment, net$26,326 $28,859 

Historical Timeline

Fiscal YearFiled
2026Jun 2, 2026Showing above
2025Oct 14, 2025
2024Jun 14, 2024
2023May 23, 2023
2022May 24, 2022
2021May 25, 2021
2020May 26, 2020
2019May 28, 2019
2018May 29, 2018
2017May 23, 2017
2016May 24, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.