The following table presents the estimated useful lives of the Company’s property and equipment:
Computer equipment and software
3 - 5 years
Furniture and fixtures
5 - 10 years
Leasehold improvements
Lesser of 10 years or the lease term
The following table summarizes, by major classification, the components of property and equipment (in thousands):
March 31,
20262025
Computer equipment and software$43,740 $37,841 
Furniture and fixtures19,837 19,815 
Leasehold improvements71,655 58,627 
Other13,805 12,584 
Total property and equipment149,037 128,867 
Less: accumulated depreciation and amortization(76,044)(67,345)
Property and equipment, net$72,993 $61,522 
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Historical Timeline

Fiscal YearFiled
2026May 20, 2026Showing above
2025May 22, 2025
2024May 23, 2024
2023May 25, 2023
2022May 26, 2022
2021May 28, 2021
2020May 27, 2020

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.