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Property and Equipment, net
12 Months Ended
Apr. 30, 2017
Property and Equipment, net  
Property and Equipment, net

7.           Property and Equipment, net

 

Property and equipment consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

April 30,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Leasehold improvements

 

$

9,809

 

$

8,939

 

Machinery and equipment

 

 

53,077

 

 

48,034

 

Furniture and fixtures

 

 

1,962

 

 

1,730

 

Computer equipment and software

 

 

32,485

 

 

30,171

 

Construction in process

 

 

4,608

 

 

3,885

 

Property and equipment, gross

 

 

101,941

 

 

92,759

 

Less accumulated depreciation and amortization

 

 

(82,721)

 

 

(75,997)

 

Property and equipment, net

 

$

19,220

 

$

16,762

 

 

Depreciation expense for the years ended April 30, 2017, 2016 and 2015 was $6,913,000,  $5,993,000 and $8,116,000, respectively.  At April 30, 2017 and 2016, property and equipment includes computer equipment and software under capital leases with a cost basis of $1,836,000 and $1,836,000 and accumulated depreciation of $1,433,000 and $1,058,000, respectively. Depreciation of computer equipment and software under capital leases was $375,000 and $455,000 for the fiscal years ended April 30, 2017 and 2016 respectively.