SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Property and equipment are stated at cost. Depreciation is computed primarily using the straight line method over the following estimated useful lives:



		Years
Furniture and equipment		3 - 8
Capitalized software costs		3 - 5
Computer equipment		2 - 5

As of December 31, 2012 and 2011, property and equipment, net were as follows:



	As of December 31,
	2012		2011
Computer equipment	$	10,889	$	13,666
Furniture and equipment	7,840		9,692
Capitalized software costs	28,877		30,920
Leasehold and building improvements	24,650		21,650
	72,256		75,928
Less: accumulated depreciation and amortization	52,206		58,090
Property and equipment, net	$	20,050	$	17,838

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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