Property And Equipment

9 Months Ended

Sep. 30, 2015

Property And Equipment [Abstract]

Property And Equipment

(5)     Property and Equipment

Property and equipment at December 31, 2014 and September 30, 2015 were comprised of the following (dollars in thousands):

	December 31,		September 30,
	2014		2015
Computers and equipment	$	13,670	$	14,478
Software and software development costs		77,104		90,343
Furniture and fixtures		3,306		3,272
Leasehold improvements		8,285		16,011
	$	102,365	$	124,104
Less accumulated depreciation and amortization		(63,228)		(74,611)
Property and equipment, net	$	39,137	$	49,493

In the nine months ended September 30, 2015, the Company capitalized software development costs of $12.4 million. In the three months ended September 30, 2014 and 2015, the Company amortized $2.2 million and $3.0 million of capitalized software development costs, respectively. In the nine months ended September 30, 2014 and 2015, the Company amortized $6.5 million and $8.3 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 September 30, 2015, the unamortized software development costs included in property and equipment in the accompanying consolidated balance sheet was $28.1 million.

Total depreciation expense, including amortization of capitalized software development costs, in the three months ended September 30, 2014 and 2015 was $3.5 million and $4.7 million, respectively and $9.4 million and $13.1 million in the nine months ended September 30, 2014 and 2015, respectively.