PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2014

13. PROPERTY AND EQUIPMENT, NET

The Company’s property and equipment balances net of accumulated depreciation are as follows:


	June 30, 2014		December 31, 2013
Capitalized software costs	$	213,592	$	200,567
Furniture and equipment		18,408		22,785
Leasehold improvements		38,608		41,573
Computer and communications equipment		163,948		183,765

		434,556		448,690
Less: accumulated depreciation		308,211		324,521

Property and equipment, net	$	126,345	$	124,169

Depreciation expense was $11,217 and $23,102 for the three and six months ended June 30, 2014, respectively. Depreciation expense was $12,644 and $25,644 for the three and six months ended June 30, 2013, respectively. During the first quarter of 2014, the Company vacated, and wrote off assets associated with its office facilities in Maynard, Massachusetts and Cambridge, Massachusetts and moved in to our new corporate headquarters in Weston, Massachusetts.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details