Property and Equipment, net

12 Months Ended

Apr. 30, 2022

Property and Equipment, net

Property and Equipment, net

8.           Property and Equipment, net

Property and equipment, net consist of the following:

	April 30,
	2022		2021
	(In thousands)
In-service ISR assets	$	48,496	$	36,047
Leasehold improvements		20,842		18,703
Machinery and equipment		64,759		53,943
Furniture and fixtures		4,239		3,698
Computer equipment and software		41,476		36,618
Construction in process		4,618		2,689
Property and equipment, gross		184,430		151,698
Less accumulated depreciation and amortization		(122,134)		(92,802)
Property and equipment, net	$	62,296	$	58,896

Depreciation expense for the years ended April 30, 2022, 2021 and 2020 was $30,493,000, $12,793,000 and $7,066,000, respectively. During the fiscal year ended April 30, 2022, the Company recorded losses on the disposal of in-service ISR assets which included the write-off of $1,378,000 of non-cash purchase accounting fair value adjustments.