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Fixed Assets

12 Months Ended

Dec. 31, 2013

6. Fixed Assets

Fixed assets consist of the following (in thousands):

			As of December 31,
	Useful Life		2013			2012
Computer equipment and software, office equipment and furniture		3-7 years	$	12,510		$	11,969
Leasehold improvements		3-6 years		842			628
				13,352			12,597
Less: accumulated depreciation				(7,512	)		(4,528	)
			$	5,840		$	8,069

Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $3.4 million, $1.7 million and $1.0 million, respectively. ICG uses the straight line method of depreciation.

- 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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