Property and equipment, net consisted of the following:
Depreciable Lives (in years)September 30,
20252024
Land$25,601 $25,601 
Building and building improvements
3-30
167,977 165,667 
Leasehold improvements
1-20
101,002 94,473 
Training equipment
3-10
101,809 119,171 
Office and computer equipment
3-10
37,105 36,454 
Curriculum development
3-5
5,721 5,127 
Software developed for internal use
3-5
13,395 13,045 
Vehicles51,167 1,546 
Right-of-use assets for finance leases155,603 5,603 
Construction in progress32,729 6,314 
Property and equipment, gross492,109 473,001 
Less: accumulated depreciation and amortization(206,257)(208,204)
Property and equipment, net$285,852 $264,797 
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Historical Timeline

Fiscal YearFiled
2025Nov 26, 2025Showing above
2024Dec 5, 2024
2023Dec 1, 2023
2022Dec 12, 2022
2021Dec 2, 2021
2020Dec 3, 2020
2019Dec 6, 2019
2018Nov 30, 2018
2017Dec 1, 2017
2016Nov 30, 2016
2015Dec 2, 2015

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.