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PROPERTY AND EQUIPMENT | 12 Months Ended
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Jun. 30, 2019
PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | 4. PROPERTY AND EQUIPMENT Property and equipment consisted of the following (amounts in thousands):
|  | Estimated |  |  |  |  |  |
|  | Useful |  | June 30,
|  | Lives |  | 2018 |  | 2019
Land |  | N/A |  | $ | 16,569 |  | $ | 16,564
Buildings, civil works and improvements |  | 5-40 years |  |  | 56,585 |  |  | 55,391
Leasehold improvements |  | 1-13 years |  |  | 9,681 |  |  | 8,311
Equipment and tooling |  | 3-10 years |  |  | 117,294 |  |  | 128,428
Furniture and fixtures |  | 3-10 years |  |  | 3,331 |  |  | 3,190
Computer equipment |  | 3-5 years |  |  | 18,759 |  |  | 18,733
Computer software |  | 3-10 years |  |  | 19,509 |  |  | 20,146
Computer software implementation in process |  | N/A |  |  | 4,318 |  |  | 8,563
Construction in process |  | N/A |  |  | 790 |  |  | 5,760
Total |  |  |  |  | 246,836 |  |  | 265,086
Less accumulated depreciation and amortization |  |  |  |  | (131,312) |  |  | (137,701)
Property and equipment, net |  |  |  | $ | 115,524 |  | $ | 127,385
During fiscal 2017, 2018 and 2019, depreciation expense was approximately $56.0 million, $43.3 million and $20.5 million, respectively. In January 2018, we entered into a two-year agreement with the Mexican government to continue to provide security screening services. Upon inception of the new contract, we transferred certain fixed assets with a net book value of $29.5 million to the customer, and this remaining cost to obtain the contract is amortized on a straight-line basis over the term of the contract as corresponding revenues are recognized. During fiscal 2018 and 2019, we recognized $6.9 million and $14.3 million, respectively, of amortization expense related to such assets. As of June 30, 2019, $7.7 million was included in Prepaid expenses and other current assets.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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