Property and Equipment, Net

9 Months Ended

Sep. 30, 2012

9. Property and Equipment, Net

The Company’s property, equipment and accumulated depreciation balances are as follows (the following table excludes property and equipment, net attributable to the business held for sale):


	September 30, 2012		December 31, 2011
Capitalized software costs	$	179,040	$	163,688
Furniture and equipment		25,605		29,467
Leasehold improvements		44,742		49,168
Computer and communications equipment		189,893		178,170

		439,280		420,493
Less: accumulated depreciation		288,739		264,211

Property and equipment, net	$	150,541	$	156,282

As part of the January 2012 Restructuring, the Company wrote off fixed assets with a net book value of $4,020 during the three months ended March 31, 2012 (see Note 8, Restructuring and Other Special Charges).

Depreciation expense was $38,841 and $42,512 for the nine months ended September 30, 2012 and 2011, respectively, which excludes depreciation expenses associated with the business held for sale.

- 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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