Property and Equipment, net |
Note 7 - Property and Equipment, net Property and equipment, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | Depreciable Lives (in years) | | June 30, 2025 | | September 30, 2024 | Land | | — | | $ | 25,601 | | | $ | 25,601 | | Buildings and building improvements | | 3-30 | | 167,097 | | | 165,667 | | Leasehold improvements | | 1-20 | | 98,180 | | | 94,473 | | Training equipment | | 3-10 | | 98,349 | | | 119,171 | | Office and computer equipment | | 3-10 | | 36,499 | | | 36,454 | | Curriculum development | | 3-5 | | 5,475 | | | 5,127 | | Software developed for internal use | | 1-5 | | 13,045 | | | 13,045 | | Vehicles | | 5 | | 1,076 | | | 1,546 | | Right-of-use assets for finance leases | | 15 | | 5,680 | | | 5,603 | | Construction in progress | | — | | 16,234 | | | 6,314 | | Property and equipment, gross | | | | 467,236 | | | 473,001 | | Less: Accumulated depreciation and amortization | | | | (199,519) | | | (208,204) | | Property and equipment, net | | | | $ | 267,717 | | | $ | 264,797 | |
Depreciation expense related to property and equipment was $8.1 million and $23.8 million for the three and nine months ended June 30, 2025, and $7.2 million and $21.1 million for the three and nine months ended June 30, 2024.
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