Property and Equipment

12 Months Ended

Dec. 31, 2012

3. Property and Equipment

Property and equipment at December 31, 2012 and 2011 consisted of the following (in thousands):

	December 31,

	2012			2011
Equipment	$	71,605		$	55,925
Leasehold improvements		6,667			6,147
Building		8,624			8,624
Building improvements		6,757			3,472
Land		1,128			1,128
Furniture and fixtures		13,454			11,247
Capitalized software		94,269			91,620

		202,504			178,163
Less accumulated depreciation and amortization		(73,177	)		(50,986	)

Property and equipment, net	$	129,327		$	127,177

Depreciation and amortization expense related to property and equipment charged to operations for the years ended December 31, 2012, 2011 and 2010 was $26.9 million, $14.7 million and $10.5 million, respectively. In connection with our operating leases for our facilities, we did not record any tenant improvement allowances for the year ended December 31, 2012 and 2011 compared to $0.2 million in tenant improvement allowances for the year ended December 31, 2010. Capital leases included as part of equipment totaled approximately $3.7 million and $1.6 million at December 31, 2012 and December 31, 2011, respectively and had accumulated depreciation of approximately $1.5 million and $94,000 for those periods. Depreciation expense for equipment under capital leases for the year ended December 31, 2012 and 2011 was approximately $1.4 million and $94,000, respectively. There was no depreciation expense for equipment under capital leases for the year ended December 31, 2010.

- 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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