Paychex, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net of Accumulated Depreciation

Property and Equipment, Net of Accumulated Depreciation

12 Months Ended

May 31, 2012

Property and Equipment, Net of Accumulated Depreciation [Abstract]

Property and Equipment, Net of Accumulated Depreciation

Note G — Property and Equipment, Net of Accumulated Depreciation

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


	May 31,
In millions	2012		2011
Land and improvements	$	7.0	$	7.0
Buildings and improvements		96.8		95.2
Data processing equipment		212.3		204.6
Software		263.5		231.2
Furniture, fixtures, and equipment		154.2		152.0
Leasehold improvements		96.0		93.3
Construction in progress		28.2		20.9

Total property and equipment, gross		858.0		804.2
Less: Accumulated depreciation and amortization		533.7		495.5

Property and equipment, net of accumulated depreciation	$	324.3	$	308.7

Depreciation expense was $74.8 million, $68.4 million, and $65.4 million for fiscal years 2012, 2011, and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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