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Property and Equipment, net | 12 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment, Net [Abstract] |
Property and Equipment, net | Property and Equipment, net Property and equipment is stated at cost, and reported net of accumulated depreciation and amortization on the Consolidated Balance Sheets. Depreciation on property and equipment is generally calculated using the straight-line method over the relevant asset’s estimated useful life. The estimated useful lives of property and equipment range from 3 to 10 years. During the years ended September 30, 2023, 2022, and 2021, depreciation expense was $36.3 million, $30.0 million, and $21.3 million respectively. The Company capitalized $29.9 million and $24.8 million of software development costs during the years ended September 30, 2023 and September 30, 2022. A summary of property and equipment, at cost less accumulated depreciation and amortization as of September 30, 2023 and 2022 is as follows:
| September 30,
(in millions) | 2023 |  | 2022
Property and equipment: |  |  |
Furniture and fixtures | $ | 17.5 |  |  | $ | 16.0 |
Software | 38.1 |  |  | 34.4 |
Equipment | 49.9 |  |  | 45.3 |
Leasehold improvements | 47.7 |  |  | 43.3 |
Capitalized software development | 77.0 |  |  | 47.1 |
Total property and equipment | 230.2 |  |  | 186.1 |
Less: accumulated depreciation and amortization | (106.7) |  |  | (73.2) |
Property and equipment, net | $ | 123.5 |  |  | $ | 112.9 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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