Property and Equipment, Net

12 Months Ended

Dec. 31, 2014

NOTE 6 — Property and Equipment, Net

Our property and equipment consists of the following:


	December 31,
	2014			2013
	(In thousands)
Capitalized software development	$	1,041,924		$	787,526
Computer equipment		209,328			178,319
Furniture and other equipment		146,780			129,856
Leasehold improvements		135,372			121,084

		1,533,404			1,216,785
Less: accumulated depreciation		(1,011,085	)		(781,477	)
Projects in progress		30,807			45,394

Property and equipment, net	$	553,126		$	480,702

As of December 31, 2014 and 2013, our recorded capitalized software development costs, net of accumulated amortization, were $366 million and $325 million. For the years ended December 31, 2014, 2013 and 2012, we recorded amortization of capitalized software development costs of $185 million, $139 million, and $100 million, most of which is included in technology and content expenses.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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