Property And Equipment

12 Months Ended

Jun. 30, 2013

NOTE 9. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following (in thousands):


			June 30,
		2013			2012
Equipment and furniture	$	88,279		$	82,367
Leasehold improvements		73,569			66,572
Property and equipment, at cost		161,848			148,939
Less accumulated depreciation and amortization		(96,338	)		(81,490	)
Total property and equipment, net	$	65,510		$	67,449

Depreciation expense, including amortization of leasehold improvements, was $21.1 million, $19.1 million and $16.6 million for the years ended June 30, 2013, 2012 and 2011, 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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