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Fixed Assets

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Note 4 — Fixed Assets

Furniture, fixtures, equipment and leasehold improvements are recorded at cost and presented net of depreciation or amortization. Furniture, fixtures, and equipment are depreciated straight-line over lives ranging from three to seven years. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease terms or the asset lives.

The components of fixed assets are as follows:


		June 30,
		2012		2011
Furniture, fixtures and equipment		$	214,342	$	195,891
Computer software, excluding internally developed software			156,534		116,954
Internally developed software			185,840		159,430
Leasehold improvements			172,859		165,847
			729,575		638,122
Less: accumulated depreciation and amortization			(414,575)		(385,779)
	Fixed assets, net	$	315,000	$	252,343

Total computer software, net, including internally developed software, was $143.6 million and $116.1 million as of June 30, 2012 and 2011, respectively. Total amortization expense for computer software was $39.6 million, $34.6 million and $33.9 million for fiscal years 2012, 2011 and 2010, respectively. Total depreciation expense was $47.7 million, $44.0 million and $35.8 million for fiscal years 2012, 2011 and 2010, 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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