Property and Equipment

12 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property, equipment and leasehold improvements in the accompanying consolidated balance sheets consist of the following:

	Year Ended June 30,
	2016			2015
	(Dollars in Thousands)
Property, equipment and leasehold improvements—at cost:
Computer equipment	$	10,387		$	11,614
Purchased software	23,705			23,338
Furniture & fixtures	6,712			6,653
Leasehold improvements	12,523			12,225
Accumulated depreciation	(37,502		)	(35,791		)
Property, equipment and leasehold improvements—net	$	15,825		$	18,039

During fiscal 2016, we wrote off fully depreciated property, equipment and leasehold improvements that were no longer in use with gross book values of $3.0 million.

Depreciation expense was $5.1 million, $4.7 million and $3.3 million for fiscal 2016, 2015 and 2014, respectively.

We account for asset retirement obligations in accordance with ASC Topic 410, Asset Retirement and Environmental Obligations. Our asset retirement obligations relate to leasehold improvements for leased properties. The balance of our asset retirement obligations was $0.9 million and $0.6 million as of June 30, 2016 and 2015, respectively.