Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


			Years
Furniture, fixtures and displays, office equipment, software and plant equipment			3 to 10
Buildings and building improvements			10 to 40
Leasehold and tenant improvements			Shorter of the remaining lease term or related asset life


	March 31, 2026		March 31, 2025
Leasehold and tenant improvements	$	430,441	$	457,419
Furniture, fixtures and displays	187,291		307,258
Buildings and building improvements	271,638		271,888
Software	251,707		282,478
Office equipment	128,347		141,684
Plant equipment	148,828		190,169
Land	74,460		74,460
Construction in progress (1)	18,750		24,176
Other	13,513		19,391
Subtotal property and equipment	1,524,975		1,768,923
Accumulated depreciation	(926,022)		(1,123,776)
Property and equipment, net	$	598,953	$	645,147

(1) Construction in progress primarily includes costs incurred for leasehold improvements and in-store fixtures and displays not yet placed in use.