Property And Equipment

12 Months Ended

Jun. 30, 2012

NOTE 9. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following (in thousands):


			June 30,
		2012			2011
Equipment and furniture	$	82,367		$	76,233
Leasehold improvements		66,572			57,889
Property and equipment, at cost		148,939			134,122
Less accumulated depreciation and amortization		(81,490	)		(71,367	)
Total property and equipment, net	$	67,449		$	62,755

Depreciation expense, including amortization of leasehold improvements, was $19.1 million, $16.6 million and $13.9 million for the years ended June 30, 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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