Property and Equipment

12 Months Ended

Sep. 27, 2015

7. Property and Equipment

The property and equipment consisted of the following:

	Fiscal Year Ended
	September 27, 2015			September 28, 2014
	(in thousands)
Land and buildings	$	3,661		$	4,029
Equipment, furniture and fixtures		176,883			204,298
Leasehold improvements		21,582			24,478

Total property and equipment		202,126			232,805
Accumulated depreciation		(137,220	)		(158,941	)

Property and equipment, net	$	64,906		$	73,864

The depreciation expense related to property and equipment, including assets under capital leases, was $23.1 million, $26.5 million and $29.5 million for fiscal 2015, 2014 and 2013, respectively. In fiscal 2015, we sold assets with a net book value of $4.4 million for net proceeds of $10.4 million, and recognized a corresponding net gain of $6.0 million. This equipment was primarily related to our RCM segment.

In connection with exit activities related to vacating leased facilities, we recorded a loss of $2.7 million in the fourth quarter of fiscal 2014. The loss consisted of an accrued liability of $2.5 million for estimated contract termination costs associated with the long-term non-cancelable leases of those facilities, reduced by $0.3 million of write-offs of prorated portions of existing deferred items previously recognized in connection with the leases, and $0.5 million in net write-offs of fixed assets, primarily leasehold improvements, furniture and fixtures, that were no longer in use after vacating the facilities. The loss is recorded in other costs of revenue on the consolidated statements of operations (see Note 10, "Leases" for further information).