Property and Equipment, Net

12 Months Ended

Jan. 31, 2015

Property Plant And Equipment [Abstract]

Note 4. Property and Equipment, Net

Property and equipment, net consists of the following as of the dates shown (in thousands):

	January 31,
	2015			2014
Land	$	3,040		$	—
Building		20,984			—
Equipment and computers		3,103			1,912
Furniture and fixtures		1,207			948
Leasehold improvements		1,228			858
Construction in progress		980			121
		30,542			3,839
Less accumulated depreciation		(2,339	)		(1,394	)
Total property and equipment, net	$	28,203		$	2,445

Total depreciation expense was $1.4 million, $0.9 million and $0.5 million for the fiscal years ended January 31, 2015, 2014 and 2013, respectively.

Acquisition of Corporate Headquarters Building

On July 22, 2014, we purchased land and a building for our new corporate headquarters located in Pleasanton, California for $24.0 million. The headquarters will support the overall growth of our business for the next few years, and we expect to occupy the building in summer 2015. The useful life for the building is expected to be 30 years and will be depreciated on a straight-line basis once it is ready for its intended use. Land is not depreciated.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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