Property, Equipment And Software

6 Months Ended

Jun. 30, 2012

Property, Equipment And Software [Abstract]

Property and equipment are stated at cost. Equipment under capital lease is stated at the lower of the fair market value at the date of acquisition or net present value of the minimum lease payments at inception of the lease. Depreciation and amortization expense are recognized on a straight-line basis over the assets' estimated useful lives or, if shorter, the lease terms for leasehold improvements. Estimated useful lives are generally 7 years for office furniture, and 3 to 5 years for computer equipment and software. Reviews are regularly performed if facts and circumstances exist that indicate that the carrying amount of assets may not be recoverable or that the useful life is shorter than originally estimated. Costs of maintenance and repairs are charged to expense as incurred. When property and equipment or leasehold improvements are sold or otherwise disposed of, the fixed asset account and related accumulated depreciation account are relieved and any gain or loss is included in results of operations. Costs of software not yet placed into service are accumulated as software in development. Upon placement into service, the costs of the assets are transferred to software.

A summary of property, equipment and capitalized software and related accumulated depreciation and amortization as of June 30, 2012 and December 31, 2011 is as follows:



		June 30, 2012	December 31, 2011
Equipment	$	24,335	$	22,543
Software		67,126		52,370
Office furniture and fixtures		3,667		2,754
Leasehold improvements		4,671		3,959
Land		598		628
Building		7,175		7,490
Software in development		4,712		7,992
Total property, equipment and software		112,284		97,736
Less accumulated depreciation and amortization		60,842		51,925
Total property, equipment and software, net of accumulated depreciation and amortization	$	51,442	$	45,811

Depreciation and amortization expense is excluded from cost of revenues. Equipment and office furniture and fixtures included gross assets under capital leases totaled $3,376 and $2,820 at June 30, 2012 and December 31, 2011, respectively. Depreciation and amortization expense, including amortization of assets under capital leases, was $5,155 and $10,300 for the three and six months ended June 30, 2012, respectively, and $4,422 and $8,810 for the three and six months ended June 30, 2011, respectively.

- 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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