Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2025

Schedule of Estimated Economic Useful Lives of Property and Equipment

The Company provides for depreciation on property and equipment using the straight-line method by charges to operations in amounts that allocate the cost of depreciable assets over their estimated lives as follows:


Asset Classification Building Building Improvements Land Improvements	Estimated Useful Life 40 years 20 years 20 years
Leasehold Improvements	Shorter of 5 years or the life of lease
Furniture and Equipment	5 to 7 years
Computer Hardware	2 to 5 years
Computer Software	3 to 5 years

Schedule of Earnings Per Share Basic and Diluted

The difference between the basic weighted average shares and the diluted weighted average shares for each of the fiscal years ended March 31, 2025, 2024 and 2023 is as follows:


	Fiscal 2025		Fiscal 2024		Fiscal 2023
Basic weighted average shares		51,379,000		51,366,000		51,984,000
Treasury stock impact of stock options		615,000		675,000		792,000
Diluted weighted average shares		51,994,000		52,041,000		52,776,000

CORVEL CORP 10-K