Property and Equipment

12 Months Ended

Jan. 31, 2013

(3) Property and Equipment

Property and equipment are stated at cost, net of accumulated depreciation and amortization. These assets are depreciated and amortized using the straight-line method over their estimated useful lives. Property and equipment consisted of the following (in thousands):

	As of January 31,

	2013			2012
Computer equipment and software	$	16,077		$	10,712
Furniture and fixtures		2,714			1,964
Leasehold improvements		4,129			1,903

		22,920			14,579
Less: accumulated depreciation and amortization		(9,715	)		(5,660	)

Property and equipment, net	$	13,205		$	8,919

Depreciation and amortization expense was $4.7 million, $2.1 million and $1.0 million for the fiscal years ended January 31, 2013, 2012 and 2011 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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