Property and Equipment

3 Months Ended

Apr. 30, 2016

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
	April 30, 2016			January 31, 2016
Computer equipment and software	$	45,682		$	43,883
Furniture and fixtures	14,094			13,398
Leasehold and building improvements (1)	41,422			41,028
Building (2)	82,250			72,186
	183,448			170,495
Less: accumulated depreciation and amortization	(38,793		)	(35,500		)
Property and equipment, net	$	144,655		$	134,995

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(1) Includes costs related to assets not yet placed into service of $28.0 million and $28.9 million, as of April 30, 2016 and January 31, 2016, respectively.

(2) This relates to the capitalization of construction costs in connection with our build-to-suit lease obligation, where we are considered the owner of the asset, for accounting purposes only. There is a corresponding long-term liability for this asset on our condensed consolidated balance sheets under “Other liabilities, non-current.” Refer to Note 3 “Commitments and Contingencies” for details.

Depreciation and amortization expense on Property and Equipment, net was $3.3 million and $2.3 million for the three months ended April 30, 2016 and 2015, respectively.