| Property and Equipment, net |
7. Property and Equipment, net Property and equipment, net consist of the following: | | | | | | | | | | April 30, | | | | 2026 | | 2025 | | | | | (In thousands) | | In-service ISR assets | | | 3,987 | | | 1,486 | | Land, building, and leasehold improvements | | | 85,143 | | | 31,472 | | Machinery and equipment | | | 185,263 | | | 131,236 | | Furniture and fixtures | | | 12,028 | | | 7,324 | | Computer equipment and software | | | 61,930 | | | 50,617 | | Construction in process | | | 24,622 | | | 8,304 | | Property and equipment, gross | | | 372,973 | | | 230,439 | | Less accumulated depreciation and amortization | | | (206,254) | | | (179,735) | | Property and equipment, net | | $ | 166,719 | | $ | 50,704 | |
Depreciation expense for the years ended April 30, 2026, 2025 and 2024 was $35,830,000, $17,063,000 and $17,098,000, respectively.
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