Property and Equipment, Net (Tables)

12 Months Ended

Jun. 30, 2013

Property and Equipment

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