Property and equipment, net consisted of the following:
(in thousands)January 31, 2026January 31, 2025
Computer software$26,839 $24,086 
Office equipment23,907 23,529 
Furniture and fixtures7,133 7,894 
Leasehold improvements57,983 59,944 
Construction in progress33 27 
Software in progress687 548 
Total property and equipment, gross116,582 116,028 
Less: accumulated depreciation(86,494)(76,339)
Total property and equipment, net$30,088 $39,689 

Historical Timeline

Fiscal YearFiled
2026Mar 10, 2026Showing above
2025Mar 13, 2025
2024Mar 13, 2024
2023Mar 17, 2023
2022Mar 18, 2022
2021Mar 16, 2021
2020Mar 20, 2020
2019Mar 15, 2019
2018Mar 16, 2018

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.