Property and Equipment, net

9 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:


	Depreciable Lives (in years)	June 30, 2023		September 30, 2022
Land	—	$	25,601	$	16,603
Buildings and building improvements	3-30	160,893		126,244
Leasehold improvements	1-20	82,755		86,751
Training equipment	3-10	105,600		96,907
Office and computer equipment	3-10	34,510		31,900
Curriculum development	3-5	2,416		20,130
Software developed for internal use	1-5	12,594		12,150
Vehicles	5	1,406		1,458
Right-of-use assets for finance leases	2-15	5,603		215
Construction in progress	—	16,217		16,359
		447,595		408,717
Less: Accumulated depreciation and amortization		(181,357)		(194,425)
Total		$	266,238	$	214,292

Depreciation expense related to property and equipment was $6.5 million and $18.2 million for the three and nine months ended June 30, 2023, and $4.5 million and $12.0 million for the three and nine months ended June 30, 2022.

In March 2023, we purchased the three primary buildings and the associated land at our UTI Orlando, Florida campus which was previously leased. The purchase resulted in an increase in our buildings of $15.2 million, an increase in land of $9.0 million and the reclassification of assets from leasehold improvements to building improvements of $19.1 million.