Property and Equipment and Capitalized Internal-Use Software Development Costs

12 Months Ended

Apr. 30, 2013

Property and Equipment and Capitalized Internal-Use Software Development Costs

4. Property and Equipment and Capitalized Internal-Use Software Development Costs

Property and equipment, including capitalized internal-use software development costs, consisted of the following (in thousands):


	April 30,
	2013			2012
Computer equipment	$	3,772		$	2,508
Furniture and fixtures		2,457			2,255
Office equipment		1,627			985
Software		1,490			1,151
Capitalized internal-use software development costs		12,230			4,998
Leasehold improvements		5,310			3,894

		26,886			15,791
Less: accumulated depreciation and amortization		(12,293	)		(6,923	)

	$	14,593		$	8,868

Depreciation and amortization relating to the Company’s property and equipment for the years ended April 30, 2013, 2012 and 2011 was $2.9 million, $2.1 million and $1.7 million, respectively. Amortization related to the Company’s capitalized internal-use software development costs for the years ended April 30, 2013, 2012 and 2011 was $2.5 million, $1.0 million and $0.6 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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