Property and Equipment

12 Months Ended

Apr. 30, 2013

9.	Property and Equipment

Property and equipment include the following:


	April 30,
	2013			2012
	(in thousands)
Computer equipment and software(1)	$	98,538		$	75,096
Leasehold improvements		41,884			42,319
Furniture and fixtures		31,805			29,126
Automobiles		1,725			1,870

		173,952			148,411
Less: accumulated depreciation and amortization		(120,324	)		(98,603	)

Property and equipment, net	$	53,628		$	49,808

(1)	Depreciation expense for capitalized software was $4.0 million, $2.5 million and $2.3 million during fiscal 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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