Property and Equipment

12 Months Ended

Apr. 30, 2013

Note 4. Property and Equipment

Property and equipment at April 30, 2013 and 2012 consisted of the following (in thousands):


		2013		2012
Equipment	$	6,333	$	6,457
Furniture and leasehold improvements		1,127		1,207
		7,460		7,664
Less accumulated depreciation		(5,526)		(4,837)
Property and equipment, net	$	1,934	$	2,827

Depreciation expense for fiscal 2013, 2012, and 2011 was $1.1 million, $1.1 million, and $0.8 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.

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