PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

8. PROPERTY AND EQUIPMENT, NET

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


	December 31, 2014		December 31, 2013
Capitalized software costs	$	209,007	$	200,567
Furniture and equipment		16,196		22,785
Leasehold improvements		40,103		41,573
Computer and communications equipment		160,414		183,765

		425,720		448,690
Less: accumulated depreciation		305,991		324,521

Property and equipment, net	$	119,729	$	124,169

Internally developed software costs capitalized were $28,024, $24,901, and $32,604 for the years ended December 31, 2014, 2013 and 2012, respectively, and are included in property and equipment, net in the Company’s consolidated balance sheets.

Depreciation expense, excluding discontinued operations, was $46,019, $49,922 and $51,926 or the years ended December 31, 2014, 2013 and 2012, 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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