Property And Equipment

12 Months Ended

Apr. 30, 2012

NOTE 6: PROPERTY AND EQUIPMENT

The components of property and equipment are as follows:


	(in 000s)
As of April 30,	2012			2011
Land and other non-depreciable assets	$	1,892		$	2,245
Buildings		147,795			154,519
Computers and other equipment		419,101			390,599
Capitalized software		130,027			123,885
Leasehold improvements		174,432			160,743
Construction in process		2,051			1,962

		875,298			833,953
Less: Accumulated depreciation and amortization		(622,313	)		(578,655	)

	$	252,985		$	255,298

During fiscal years 2012 and 2011, we received $7.6 million and $6.5 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,	2012			2011
Property and equipment under capital lease	$	47,842		$	47,842
Less accumulated amortization		(36,740	)		(35,056	)

	$	11,102		$	12,786

Depreciation and amortization expense of continuing operations for fiscal years 2012, 2011 and 2010 was $69.3 million, $73.2 million and $75.8 million, respectively. Included in depreciation and amortization expense of continuing operations is amortization of capitalized software of $10.4 million, $14.4 million and $16.3 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.

+ References+ Details