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Property and Equipment, net | 9 Months Ended
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Jun. 30, 2022
Property, Plant and Equipment [Abstract] |
Property and Equipment, net | Property and Equipment, net Property and equipment, net consisted of the following:
|  | Depreciable Lives (in years) |  | June 30, 2022 |  | September 30, 2021
Land |  | — |  | $ | 16,603 |  |  | $ | 8,355 |
Buildings and building improvements |  | 3-35 |  | 118,702 |  |  | 71,036 |
Leasehold improvements |  | 1-28 |  | 78,383 |  |  | 63,502 |
Training equipment |  | 3-10 |  | 93,370 |  |  | 91,191 |
Office and computer equipment |  | 3-10 |  | 31,273 |  |  | 31,718 |
Curriculum development |  | 5 |  | 20,130 |  |  | 19,692 |
Software developed for internal use |  | 1-5 |  | 11,887 |  |  | 12,524 |
Vehicles |  | 5 |  | 1,428 |  |  | 1,436 |
Right-of-use assets for finance leases |  | 2-3 |  | 215 |  |  | 215 |
Construction in progress |  | — |  | 26,682 |  |  | 10,171 |
|  |  |  | 398,673 |  |  | 309,840 |
Less: Accumulated depreciation and amortization |  |  |  | (191,637) |  |  | (187,789) |
|  |  |  | $ | 207,036 |  |  | $ | 122,051 |
Depreciation expense related to property and equipment was $4.5 million and $12.0 million for the three and nine months ended June 30, 2022, respectively, and $3.6 million and $10.4 million for the three and nine months ended June 30, 2021, respectively. Acquisition of Lisle On February 11, 2022, we completed the acquisition of 2611 Corporate West Drive Venture LLC (“2611”) which owns our Lisle, Illinois campus (the “Lisle Campus”). Prior to the acquisition, we had a 28% interest in 2611 through our unconsolidated affiliate, as described in Note 10, and previously leased the campus from 2611. The total cash consideration paid, including transaction related costs, for the remaining 72% interest in 2611 was $28.4 million. In addition to the cash consideration paid, we assumed $18.3 million in debt for a loan agreement with a third-party bank that was secured by a mortgage on the Lisle Campus. During the three months ended June 30, 2022, we identified an adjustment to the total net assets acquired and made an additional $0.2 million cash payment in July 2022 which increases the total cash consideration paid to $28.6 million. The adjusted total net assets recorded for the transaction equals $33.2 million, of which $8.2 million was allocated to land, $43.3 million was allocated to buildings, and $18.3 million was allocated to debt. Additionally, prior to the acquisition of 2611, there was $4.0 million in leasehold improvements recorded for the Lisle Campus which we have reclassified to building and building improvements.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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