Paychex, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net of Accumulated Depreciation

Property and Equipment, Net of Accumulated Depreciation

9 Months Ended

Feb. 29, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net of Accumulated Depreciation

The components of property and equipment, at cost, consisted of the following:



In millions	February 29, 2016		May 31, 2015
Land and improvements	$	8.3	$	8.3
Buildings and improvements	102.5		102.1
Data processing equipment	196.1		190.9
Software	438.3		391.8
Furniture, fixtures, and equipment	128.5		145.6
Leasehold improvements	106.5		106.2
Construction in progress	16.0		28.5
Total property and equipment, gross	996.2		973.4
Less: Accumulated depreciation	646.2		619.5
Property and equipment, net of accumulated depreciation	$	350.0	$	353.9

Depreciation expense was $25.1 million and $73.8 million for the three and nine months ended February 29, 2016, respectively, compared to $23.0 million and $68.2 million for the three and nine months ended February 28, 2015, respectively.