June 30,

 

 

June 30,

 

(In thousands)

Useful Life

 

2025

 

 

2024

 

Computer software

3 − 5 years

 

$

29,103

 

 

$

28,165

 

Office and warehouse equipment

3 − 15 years

 

 

18,980

 

 

 

16,275

 

Leasehold improvements

(1)

 

 

11,976

 

 

 

11,170

 

Trailers and related equipment

3 − 15 years

 

 

3,996

 

 

 

6,946

 

Computer equipment

3 − 5 years

 

 

5,616

 

 

 

5,240

 

Furniture and fixtures

3 − 15 years

 

 

2,027

 

 

 

1,836

 

 

 

 

 

 

 

 

 

Property, technology, and equipment

 

 

71,698

 

 

 

69,632

 

Less: accumulated depreciation and amortization

 

 

 

(48,209

)

 

 

(44,074

)

 

 

 

 

 

 

 

 

Property, technology, and equipment, net

 

 

$

23,489

 

 

$

25,558

 

(1)
The cost is amortized over the shorter of the lease term or useful life.

Historical Timeline

Fiscal YearFiled
2025Sep 15, 2025Showing above
2024Sep 12, 2024
2023Sep 13, 2023
2022Feb 27, 2023
2021Sep 20, 2021
2020Sep 28, 2020
2019Sep 12, 2019

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.