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Capital Leases
12 Months Ended
Dec. 31, 2014
Leases Capital [Abstract]  
Capital Leases

13. Capital Leases

We lease certain equipment under capital leases. Property and equipment included the following amounts for capital leases at December 31:

 

 

2014

 

 

2013

 

Computer equipment

$

16,764

 

 

$

20,409

 

Computer software

 

3,036

 

 

 

3,304

 

Furniture and fixtures

 

41

 

 

 

90

 

Leasehold improvements

 

42

 

 

 

42

 

Total property and equipment under capital lease at cost

 

19,883

 

 

 

23,845

 

Less: accumulated depreciation and amortization

 

(8,702

)

 

 

(9,886

)

Net property and equipment under capital lease

$

11,181

 

 

$

13,959

 

Capital leases are collateralized by the leased assets. Our capital leases generally contain provisions whereby we can purchase the equipment at the end of the lease for a one dollar buyout. Amortization of leased assets is included in depreciation and amortization expense.

Future minimum payments under capital lease obligations consisted of the following at December 31, 2014:

 

2015

$

4,607

 

2016

 

3,082

 

2017

 

1,969

 

2018

 

552

 

2019

 

14

 

Total minimum lease payments

 

10,224

 

Less: amounts representing interest

 

(649

)

Present value of net minimum lease payments (including current portion of $4,243)

$

9,575