Property and Equipment

6 Months Ended

Jun. 30, 2011

5. Property and Equipment

The following table details property and equipment at the end of each period:


	As of:
	June 30,		December 31,
	2011		2010
	(in thousands)
Property and equipment
Furniture and equipment	$	23,673	$	17,855
Leasehold improvements		5,403		5,287
Real property		549		549

		29,625		23,691
Less: Accumulated depreciation and amortization		12,782		11,940

Property and equipment, net	$	16,843	$	11,751

Depreciation expense for the three months ended June 30, 2011 and 2010 was $1.0 million and $0.6 million, respectively. Depreciation expense for the six months ended June 30, 2011 and 2010 was $1.8 million and $1.2 million, respectively.

- 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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