Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

NOTE 6 — Property and Equipment, Net

Our property and equipment consists of the following:


	December 31,
	2012			2011
	(In thousands)
Capitalized software development	$	648,477		$	473,916
Computer equipment		147,245			157,219
Furniture and other equipment		119,103			98,631
Leasehold improvements		107,376			85,735

		1,022,201			815,501
Less: accumulated depreciation		(655,301	)		(552,241	)
Projects in progress		42,473			57,022

Property and equipment, net	$	409,373		$	320,282

As of December 31, 2012 and 2011, our recorded capitalized software development costs, net of accumulated amortization, were $257 million and $184 million. For the years ended December 31, 2012, 2011 and 2010, we recorded amortization of capitalized software development costs of $100 million, $73 million and $61 million, most of which is included in technology and content expenses.

- 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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