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Property, Equipment and Software, Net
9 Months Ended
Sep. 30, 2015
Property, Equipment and Software, Net [Abstract]  
Property, Equipment and Software, Net

(4)  Property, Equipment and Software, Net

The following is a summary of property, equipment and software at cost, less accumulated depreciation and amortization (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2015

 

2014

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

Office furniture and equipment

 

$

10,009

 

$

8,723

Software

 

 

7,323

 

 

6,004

Leasehold improvements

 

 

10,913

 

 

9,034

Total

 

 

28,245

 

 

23,761

Less: accumulated depreciation and amortization

 

 

(11,460)

 

 

(8,091)

Property, equipment and software, net

 

$

16,785

 

$

15,670

 

Depreciation and amortization expense of $1.2 million and $3.5 million were recorded for the three and nine months ended September 30, 2015, respectively. Depreciation and amortization expense of $1.1 million and $2.7 million were recorded for the three and nine months ended September 30, 2014, respectively.