PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2014

14.

PROPERTY AND EQUIPMENT, NET

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


	September 30, 2014		December 31, 2013
Capitalized software costs	$	218,209	$	200,567
Furniture and equipment		17,474		22,785
Leasehold improvements		38,529		41,573
Computer and communications equipment		162,198		183,765

		436,410		448,690
Less: accumulated depreciation		314,949		324,521

Property and equipment, net	$	121,461	$	124,169

Depreciation expense was $11,548 and $34,650 for the three and nine months ended September 30, 2014, respectively, and $12,297 and $37,941 for the three and nine months ended September 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.

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