Annual report pursuant to Section 13 and 15(d)

Property and equipment

v3.8.0.1
Property and equipment
 12 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and equipment
Property and equipment
Property and equipment, at cost, consists of the following (in thousands):
 
As of September 30,
 
2017
 
2016
Land
$
1,738

 
$
1,738

Building and improvements
11,799

 
11,726

Office furniture and equipment
207,140

 
261,752

Leasehold improvements
53,531

 
52,493

 
274,208

 
327,709

Less: Accumulated depreciation and amortization
(172,557
)
 
(196,140
)
Total property and equipment, net
$
101,651

 
$
131,569


Depreciation expense for the years ended September 30, 2017, 2016 and 2015 was $45.2 million, $49.2 million and $37.0 million, respectively. During fiscal year 2017, we made significant disposals of our property and equipment, principally related to older items with limited remaining useful lives.