Property and Equipment

9 Months Ended

Oct. 31, 2013

Property, Plant and Equipment [Abstract]

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
	October 31, 2013			January 31, 2013
Computer equipment and software	$	18,860		$	16,077
Furniture and fixtures	4,144			2,714
Leasehold improvements	7,642			4,129
	30,646			22,920
Less: accumulated depreciation and amortization	(16,209		)	(9,715		)
Property and equipment, net	$	14,437		$	13,205

Depreciation and amortization expense was $3.6 million and $1.2 million for the three months ended October 31, 2013 and 2012, respectively. Depreciation and amortization expense was $6.5 million and $3.4 million for the nine months ended October 31, 2013 and 2012, respectively. Included in depreciation and amortization expense during the three and nine months ended October 31, 2013 was a $2.1 million impairment charge of a long-lived asset for previously capitalized Storm software development costs as a result of our decision to make Storm available to customers at no cost.

- 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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