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Fixed Assets

12 Months Ended

Dec. 31, 2011

9.	Fixed Assets

Fixed assets consist of the following:


		As of December 31,
	Useful Life	2011			2010
		(in thousands)
Computer equipment and software, office equipment and furniture	3-7 years	$	21,387		$	18,982
Leasehold improvements	3-6 years		1,659			1,018

			23,046			20,000
Less: accumulated depreciation and amortization			(17,000	)		(14,009	)

		$	6,046		$	5,991

Depreciation expense for the years ended December 31, 2011, 2010 and 2009 was $3.3 million, $2.5 million and $1.5 million, respectively. ICG uses the straight line method of depreciation.

- 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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