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Property and Equipment
12 Months Ended
Sep. 29, 2013
Property and Equipment  
Property and Equipment

7.           Property and Equipment

              The property and equipment consisted of the following:

 
  Fiscal Year Ended  
 
  September 29,
2013
  September 30,
2012
 
 
  (in thousands)

 

Land and buildings

  $ 5,565   $ 5,537  

Equipment, furniture and fixtures

    210,172     177,710  

Leasehold improvements

    26,429     26,180  
           

Total property and equipment

    242,166     209,427  

Accumulated depreciation

    (154,140 )   (135,118 )
           

Property and equipment, net

  $ 88,026   $ 74,309  
           

              The depreciation expense related to property and equipment, including assets under capital leases, was $29.5 million, $26.7 million and $27.1 million for fiscal 2013, 2012 and 2011, respectively.

              In fiscal 2012, one of our properties met the held for sale classification criteria at fiscal 2012 year-end. This property consists of land and a building at a net book value of $5.8 million. We estimated the fair value of this property using market values for similar properties, and this is considered a Level 3 measurement as defined in FASB's guidance on "Fair Value Measurements and Disclosures." After adjustment to fair value, the $2.4 million carrying value of this property was reclassified to "Prepaid expenses and other current assets" in the consolidated balance sheet at September 30, 2012. Additionally, we recorded the related non-cash impairment charge of $3.4 million in our corporate "Selling, general and administrative expenses" in the consolidated statement of operations for fiscal 2012.

              In connection with exit activities related to vacating leased facilities, we recorded a loss of $7.2 million in the second half of fiscal 2013. The loss consisted of an accrued liability of $4.8 million for estimated contract termination costs associated with the long-term non-cancelable leases of those facilities, reduced by $0.3 million of write-offs of prorated portions of existing deferred items previously recognized in connection with the leases, and $2.7 million in net write-offs of fixed assets, primarily leasehold improvements, furniture and fixtures, that were no longer in use after vacating the facilities. The loss is recorded in other costs of revenue on the consolidated statements of operations (see Note 10, "Leases" for further information).