TECH DATA CORP | 2013 | FY | 3

NOTE 4 — PROPERTY AND EQUIPMENT, NET
The Company's property and equipment consists of the following:
 
 
 
January 31, 
 
 
 
2013
 
2012
 
 
 
 
 
(As restated)
 
 
 
(In thousands)
Land
 
 
$
5,804

 
$
4,727

Buildings and leasehold improvements
 
 
82,607

 
81,818

Furniture, fixtures and equipment
 
 
348,694

 
339,075

Property and equipment
 
 
437,105

 
425,620

Less accumulated depreciation
 
 
(352,710
)
 
(336,739
)
Property and equipment, net
 
 
$
84,395

 
$
88,881


Depreciation expense included in income from operations for the years ended January 31, 2013, 2012 and 2011 totaled $20.5 million, $21.9 million and $21.0 million, respectively.

us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock