Property and Equipment

12 Months Ended

Nov. 30, 2019

Property, Plant and Equipment [Abstract]

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



	November 30, 2019			November 30, 2018
Computer equipment and software	$	47,699		$	47,266
Land, buildings and leasehold improvements	34,083			34,676
Furniture and fixtures	7,090			6,104
Capitalized software development costs	276			276
Property and equipment, gross	89,148			88,322
Less accumulated depreciation and amortization	(59,383		)	(57,608		)
Property and equipment, net	$	29,765		$	30,714

Depreciation and amortization expense related to property and equipment was $7.6 million, $6.9 million, and $7.5 million for the years ended November 30, 2019, 2018, and 2017, respectively.

In the fourth quarter of fiscal year 2018, we reclassified certain corporate land and building assets previously reported as property and equipment to assets held for sale on our consolidated balance sheet. Based on the fair value measurement, we recorded a $5.1 million asset impairment charge as of November 30, 2018. On April 3, 2019, we sold these assets for approximately $5.8 million in net cash proceeds and recognized a net gain on the sale of approximately $0.1 million. During the fourth quarter of fiscal year 2019, we incurred an additional asset impairment charge of $1.4 million related to the abandonment of certain long-lived assets associated with this sale of corporate land and buildings. This asset impairment charge is included in impairment of intangible and long-lived assets on our consolidated statements of operations.