Property and Equipment

12 Months Ended

Apr. 30, 2011

NOTE 8:

PROPERTY AND EQUIPMENT

The components of property and equipment are as follows:


(in 000s)

As of April 30,	2011			2010


Land and other non-depreciable assets	$	2,245		$	2,482
Buildings		154,519			161,460
Computers and other equipment		475,351			488,160
Capitalized software		156,108			147,104
Leasehold improvements		191,943			199,370
Construction in process		4,374			3,902

		984,540			1,002,478
Less: Accumulated depreciation and amortization		(677,220	)		(657,008	)

	$	307,320		$	345,470

During fiscal years 2011 and 2010, we received $6.5 million and $10.3 million, respectively, for tax incentives from certain government agencies related to our corporate headquarters building, which was recorded as a reduction of original cost.

Property and equipment included above and subject to capital lease arrangements included the following:


(in 000s)

As of April 30,	2011			2010


Property and equipment under capital lease	$	47,842		$	47,844
Less accumulated amortization		(35,056	)		(31,418	)

	$	12,786		$	16,426

Depreciation and amortization expense of continuing operations for fiscal years 2011, 2010 and 2009 was $92.2 million, $96.9 million and $96.6 million, respectively. Included in depreciation and amortization expense of continuing operations is amortization of capitalized software of $18.8 million, $21.8 million and $23.4 million, 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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