Annual report pursuant to Section 13 and 15(d)

Property and equipment

v2.4.0.8
Property and equipment
12 Months Ended
Sep. 30, 2014
Property and equipment  
Property and equipment

8. Property and equipment

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

                                                                                                                                                                                                               

 

 

As of September 30,

 

 

 

2014

 

2013

 

Land

 

$

1,738

 

$

1,738

 

Building and improvements

 

 

11,707

 

 

11,661

 

Office furniture and equipment

 

 

177,939

 

 

149,796

 

Leasehold improvements

 

 

23,124

 

 

17,870

 

 

 

 

 

 

 

 

 

 

214,508

 

 

181,065

 

Less: Accumulated depreciation and amortization

 

 

(134,262

)

 

(103,355

)

 

 

 

 

 

 

Total property and equipment, net

 

$

80,246

 

$

77,710

 

 

 

 

 

 

 

 

 

 

 

 

 

        Fixed asset depreciation expense for the years ended September 30, 2014, 2013 and 2012 was $32.9 million, $26.3 million and $18.8 million, respectively.