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Property and Equipment, Net
12 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

8. Property and Equipment, Net

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

 

 

 

Useful Life

 

September 30,

 

 

 

(In years)

 

2023

 

 

2022

 

Machinery and equipment

 

3-5

 

$

12,391

 

 

$

10,800

 

Computers, software and equipment

 

3-5

 

 

62,151

 

 

 

61,566

 

Leasehold improvements

 

2-15

 

 

10,378

 

 

 

10,110

 

Furniture and fixtures

 

5-7

 

 

3,736

 

 

 

3,554

 

Finance leases

 

 

 

 

3,427

 

 

 

3,425

 

Construction in progress

 

 

 

 

2,296

 

 

 

 

Subtotal

 

 

 

 

94,379

 

 

 

89,455

 

Less: accumulated depreciation

 

 

 

 

(60,366

)

 

 

(51,748

)

Total

 

 

 

$

34,013

 

 

$

37,707

 

 

As of September 30, 2023 and 2022, the net book value of capitalized internal-use software costs was $17.2 million and $21.2 million, respectively, which are included within computers, software, and equipment. Depreciation expense for the fiscal years ended September 30, 2023, 2022, and 2021 was $9.8 million, $9.4 million, and $9.5 million, respectively, which included amortization expense of $4.0 million, $3.7 million, and $3.4 million, respectively, for internally developed software costs.

 

The following table presents our property and equipment, net by geography at September 30, 2023 and 2022 (dollars in thousands):

 

 

 

September 30,

 

 

 

2023

 

 

2022

 

Long-lived assets:

 

 

 

 

 

 

United States

 

$

26,117

 

 

$

28,779

 

Germany

 

 

1,861

 

 

 

1,866

 

Canada

 

 

1,695

 

 

 

2,252

 

Other countries

 

 

4,340

 

 

 

4,810

 

Total long-lived assets

 

$

34,013

 

 

$

37,707