Computers, Furniture and Equipment-Net

12 Months Ended

Dec. 31, 2013

Computers, Furniture and Equipment-Net

7. Computers, Furniture and Equipment-Net

Computers, furniture and equipment-net consists of:

	As of December 31,

(in thousands)	2012			2013
Computers and software	$	10,018		$	12,316
Furniture and fixtures		1,032			1,194
Leasehold improvements		1,166			1,380


		12,216			14,890
Less: accumulated depreciation		(8,217	)		(10,573	)


Computers, furniture and equipment-net	$	3,999		$	4,317

Computers and software includes equipment under capital leases totaling approximately $2.5 million at December 31, 2012 and 2013. Accumulated depreciation on equipment under capital leases totaled approximately $2.0 million and $2.4 million as of December 31, 2012 and 2013, respectively. Depreciation and amortization expense associated with computers, furniture and equipment was $1.4 million, $2.0 million and $2.3 million for the years ended December 31, 2011, 2012 and 2013, respectively.

In connection with the business combinations described in Note 4, the Company acquired fixed assets with fair values of $0.8 million and $0.0 million during 2012 and 2013, 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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