NOTE 3. PROPERTY AND EQUIPMENT
As of September 30, 2001, property and equipment consisted of the following:
|
(Dollars in Thousands)
|
|||||
|---|---|---|---|---|---|
|
Class of Fixed Asset
|
Depreciation/ Amortization Method
|
Service Life (Years)
|
Acquisition Value
|
Accumulated Depreciation/ Amortization
|
Net Book Value
|
|
ADP Equipment
|
SL
|
3-7
|
$ 192,345
|
$ 138,983
|
$ 53,362
|
|
Software
|
SL
|
3-11
|
108,296
|
59,000
|
49,296
|
|
Software in Progress
|
—
|
—
|
18,717
|
—
|
18,717
|
|
Furniture
|
SL
|
5
|
15,967
|
10,171
|
5,796
|
|
Equipment
|
SL
|
3-5
|
9,087
|
7,660
|
1,427
|
|
Total
|
$ 344,412
|
$ 215,814
|
$ 128,598
|
||
As of September 30, 2000, property and equipment consisted of the following:
|
(Dollars in Thousands)
|
|||||
|---|---|---|---|---|---|
|
Class of Fixed Asset
|
Depreciation/ Amortization Method
|
Service Life (Years)
|
Acquisition Value
|
Accumulated Depreciation/ Amortization
|
Net Book Value
|
|
ADP Equipment
|
SL
|
3-7
|
$ 167,725
|
$ 117,619
|
$ 50,106
|
|
Software
|
SL
|
3-11
|
92,754
|
46,959
|
45,795
|
|
Software in Progress
|
—
|
—
|
19,588
|
—
|
19,588
|
|
Furniture
|
SL
|
5
|
17,064
|
9,620
|
7,444
|
|
Equipment
|
SL
|
3-5
|
8,768
|
6,850
|
1,918
|
|
Total
|
$ 305,899
|
$ 181,048
|
$ 124,851
|
||
