Property And Equipment

6 Months Ended

Jun. 30, 2014

(6) Property and Equipment

Property and equipment at December 31, 2013 and June 30, 2014 were comprised of the following (dollars in thousands):



	December 31,		June 30,
	2013		2014
Computers and equipment	$	9,960	$	8,693
Software development costs		64,241		69,907
Furniture and fixtures		2,815		2,995
Leasehold improvements		5,840		5,681
	$	82,856	$	87,276
Less accumulated depreciation and amortization		(56,324)		(59,585)
Property and equipment, net	$	26,532	$	27,691

In the six months ended June 30, 2014, the Company capitalized software development costs of $6.7 million. In the three months ended June 30, 2013 and 2014, the Company amortized $2.0 million and $2.2 million of capitalized software development costs, respectively. In the six months ended June 30, 2013 and 2014, the Company amortized $3.8 million and $4.3 million of capitalized software development costs, respectively. These costs are included in amortization and change in contingent consideration in the accompanying consolidated statements of income. At June 30, 2014, the unamortized software development costs included in property and equipment in the accompanying consolidated balance sheet was $22.0 million.

Total depreciation expense, including amortization of capitalized software development costs, in the three months ended June 30, 2013 and 2014 was $2.9 million and $3.0 million, respectively, and $5.6 million and $6.0 million in the six months ended June 30, 2013 and 2014, respectively.

- 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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