Property and Equipment, Net

9 Months Ended

Sep. 30, 2012

Property and Equipment, Net [Abstract]

Property and Equipment, Net

Note 5 — Property and Equipment, Net

Property and equipment balances were comprised of the following (in thousands):

	September 30, 2012			December 31, 2011
Computers and equipment	$	14,137		$	11,562
Software		24,371			19,487
Furniture and fixtures		8,188			5,879
Leasehold improvements		10,385			4,957
		57,081			41,885
Less: accumulated depreciation and amortization		(29,720	)		(23,187	)
		27,361			18,698
Construction in progress		7,971			8,142
	$	35,332		$	26,840

Depreciation and amortization expense during the three and nine months ended September 30, 2012 and the three and nine months ended September 30, 2011 was $2.5 million, $7.1 million, $2.6 million and $7.1 million, respectively.

Total property and equipment assets under capital lease at September 30, 2012 and December 31, 2011, was $3.2 and $3.3 million, respectively. Accumulated depreciation related to assets under capital lease as of these dates was $2.0 million and $1.6 million, respectively.

The Company capitalized internal-use software development costs of $1.5 million and $1.8 million during the three months ended September 30, 2012 and 2011, respectively and $6.6 million and $3.8 million during the nine months ended September 30, 2012 and 2011, respectively. As of September 30, 2012 and December, 31 2011, the carrying value of capitalized costs related to internal-use software was $11.3 million and $9.2 million, respectively. Amortization of capitalized costs related to internal-use software for the three months ended September 30, 2012 and 2011 was $0.8 million and $1.2 million, respectively, and for the nine months ended September 30, 2012 and 2011 was $2.1 million and $3.1 million, respectively.