Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.3.0.15
Property and Equipment
12 Months Ended
Sep. 30, 2011
Property and Equipment  
Property and Equipment

7. Property and Equipment

 

Property and equipment, at cost, consist of the following (in thousands):

 

 

 

 

As of September 30,

 

 

 

2011

 

2010

 

Land

 

$

1,800

 

$

1,800

 

Building and improvements

 

11,485

 

11,393

 

Office furniture and equipment

 

94,558

 

97,714

 

Leasehold improvements

 

9,798

 

4,833

 

 

 

117,641

 

115,740

 

Less: Accumulated depreciation and amortization

 

(65,901

)

(66,867

)

Total property and equipment, net

 

$

51,740

 

$

48,873

 

 

Fixed asset depreciation expense for the years ended September 30, 2011, 2010 and 2009 was $15.1 million, $12.9 million and $8.9 million respectively.