Property and Equipment

12 Months Ended

Jun. 30, 2011

(4)

Property and Equipment

Property and equipment is comprised of the following:

		000000000			000000000
	June 30,
	2011			2010
	*(in thousands)*
Land	$	3,009		$	3,009
Buildings and leasehold improvements		16,029			15,845
Computer software and equipment		14,270			13,139
Furniture, fixtures and equipment		15,847			17,240
Construction in Progress		18,738			4,526

		67,893			53,759
Less accumulated depreciation		(31,074	)		(30,231	)

	$	36,819		$	23,528

During the fiscal year ended June 30, 2011, the increase in gross fixed assets from prior year is largely related to capital expenditures for a new global Enterprise Resource Planning ("ERP") system that is currently under development, in addition to additional fixed assets acquired with CDC.

Depreciation expense was $3.7 million, $4.1 million, and $4.2 million, respectively, for the fiscal years ended 2011, 2010, and 2009.

- 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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