Property and Equipment, net |
Property and Equipment, netProperty and equipment, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | Depreciable Lives (in years) | | December 31, 2022 | | September 30, 2022 | Land | | — | | $ | 16,603 | | | $ | 16,603 | | Buildings and building improvements | | 3-30 | | 126,373 | | | 126,244 | | Leasehold improvements | | 1-20 | | 107,440 | | | 86,751 | | Training equipment | | 3-10 | | 106,240 | | | 96,907 | | Office and computer equipment | | 3-10 | | 36,238 | | | 31,900 | | Curriculum development | | 5 | | 20,200 | | | 20,130 | | Software developed for internal use | | 1-5 | | 12,307 | | | 12,150 | | Vehicles | | 5 | | 1,406 | | | 1,458 | | Right-of-use assets for finance leases | | 2-3 | | 2,976 | | | 215 | | Construction in progress | | — | | 5,711 | | | 16,359 | | | | | | 435,494 | | | 408,717 | | Less: Accumulated depreciation and amortization | | | | (194,658) | | | (194,425) | | | | | | $ | 240,836 | | | $ | 214,292 | |
Depreciation expense related to property and equipment was $5.1 million for the three months ended December 31, 2022, and $3.7 million for the three months ended December 31, 2021.
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