Property and equipment consists of the following at March 31, 2025 and 2024 (in thousands):
Estimated
useful life
20252024
Network sites and equipment
5-10 years
$9,614 $11,287 
Computer software
1-7 years
861 863 
Computer equipment
5-7 years
303 318 
Furniture and fixture and other equipment
2-5 years
489 480 
Leasehold improvements
Shorter of the lease term or 10 years
819 819 
12,086 13,767 
Less accumulated depreciation10,784 11,705 
Property and equipment, net$1,302 $2,062 

Historical Timeline

Fiscal YearFiled
2025Jun 24, 2025Showing above
2024Jun 26, 2024
2023Jun 14, 2023
2022May 26, 2022
2021Jun 15, 2021
2020May 28, 2020
2016Jun 13, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.