Property and Equipment, Net

12 Months Ended

Jun. 30, 2013

(13) Property and Equipment, Net

Property and equipment is recorded at cost less accumulated depreciation and amortization. We calculate depreciation and amortization for financial reporting purposes using the straight-line method over the estimated useful life of the asset.


	June 30,
	2013			2012			Useful life
	(dollars in thousands)
Equipment	$	13,289		$	12,290		3 - 5 years
Software		40,053			36,609		3 years
Software under development		332			1,129
Leasehold improvements		11,844			11,830		lesser of 5 years or lease term
Capital leases (equipment, furniture and fixtures)		17,463			17,463		lesser of 3-5 years or lease term
Furniture and fixtures		2,710			2,787		5 years

		85,691			82,108
Less accumulated depreciation and amortization		(79,515	)		(77,538	)

Total property and equipment, net	$	6,176		$	4,570

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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