RED HAT INC | 2013 | FY | 3


NOTE 5—Property and Equipment

The Company’s property and equipment is recorded at cost and consists of the following (in thousands):

 

     February 28,
2013
    February 29,
2012
 

Computer equipment

   $ 127,741      $ 104,718   

Software, including software developed for internal use

     126,116        95,999   

Furniture and fixtures

     19,271        15,214   

Leasehold improvements

     58,443        40,026   
  

 

 

   

 

 

 

Property and equipment

   $ 331,571      $ 255,957   

Less: accumulated depreciation

     (189,985     (163,892
  

 

 

   

 

 

 

Property and equipment, net

   $ 141,586      $ 92,065   
  

 

 

   

 

 

 

The useful lives of property and equipment range from three to fifteen years. Leasehold improvements are amortized over the lesser of the useful life or lease term. Depreciation expense recognized in the Company’s Consolidated Financial Statements for the years ended February 28, 2013, February 29, 2012 and February 28, 2011 is summarized as follows (in thousands):

 

     Year Ended
February 28,
2013
     Year Ended
February 29,
2012
     Year Ended
February 28,
2011
 

Total depreciation expense

   $ 38,818       $ 31,623       $ 29,036   
  

 

 

    

 

 

    

 

 

 

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