Property and Equipment

12 Months Ended

Apr. 30, 2014

9. Property and Equipment

Property and equipment include the following:


	April 30,
	2014			2013
	(in thousands)
Computer equipment and software (1)	$	113,941		$	98,538
Leasehold improvements		43,994			41,884
Furniture and fixtures		32,727			31,805
Automobiles		1,707			1,725

		192,369			173,952
Less: accumulated depreciation and amortization		(131,935	)		(120,324	)

Property and equipment, net	$	60,434		$	53,628

(1)

Depreciation expense for capitalized software was $6.0 million, $4.0 million and $2.5 million during fiscal 2014, 2013 and 2012, respectively. The net book value of the Company’s computer software costs included in property and equipment, net was $26.4 million and $19.1 million as of April 30, 2014 and 2013, respectively.

- 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.

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