Property and Equipment, Net

12 Months Ended

Sep. 30, 2011

Property and Equipment, net [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property and Equipment, net

Property and equipment are stated at cost, and reported net of accumulated depreciation on the consolidated balance sheets. Depreciation on plant and equipment is calculated on the straight-line method over the estimated useful lives of the assets. The estimated useful lives of property and equipment range from 3 to 10 years. During fiscal years 2011, 2010, and 2009, depreciation expense was $2.4 million, $1.0 million and $0.7 million, respectively. A summary of property and equipment, at cost less accumulated depreciation as of September 30, 2011 and 2010 is as follows:



(in millions)	September 30, 2011			September 30, 2010
Property and equipment:
Furniture and fixtures	$	4.8		$	3.7
Software	2.4			0.9
Equipment	6.0			2.4
Leasehold improvements	7.1			3.2
Total property and equipment	20.3			10.2
Less accumulated depreciation	(5.3		)	(2.9		)
Property and equipment, net	$	15.0		$	7.3

- 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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