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Property and Equipment
12 Months Ended
Dec. 31, 2015
Property and Equipment  
Property and Equipment

4.        Property and Equipment

 

Property and equipment consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31,

 

 

    

Estimated Useful Life

    

2015

    

2014

 

Cost:

 

 

 

 

 

 

 

 

 

 

 

 

Computer equipment and software

 

3

years

 

$

44,470

 

$

18,540

 

Office furniture and fixtures

 

7

years

 

 

5,785

 

 

4,993

 

Leasehold improvements

 

Shorter of the lease term or useful life of the asset

 

 

15,123

 

 

10,805

 

Other office equipment

 

5

years

 

 

683

 

 

144

 

 

 

 

 

 

 

 

 

66,061

 

 

34,482

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

 

(37,380)

 

 

(17,853)

 

Property and equipment, net

 

 

 

 

 

 

$

28,681

 

$

16,629

 

 

During 2015, the Company retired fully depreciated property and equipment that were no longer in service in the amount of $5,944. See below for the cost amounts and related accumulated depreciation written off by category:

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Accumulated

 

 

 

Cost

 

Depreciation

 

Computer equipment and software

 

$

5,749

 

$

(5,749)

 

Office furniture and fixtures

 

 

106

 

 

(106)

 

Other office equipment

 

 

68

 

 

(68)

 

Leasehold improvements

 

 

21

 

 

(21)

 

Total property and equipment retirements

 

$

5,944

 

$

(5,944)

 

 

During 2014, the Company retired fully depreciated property and equipment that were no longer in service in the amount of $18,207. See below for the cost amounts and related accumulated depreciation written off by category:

 

 

 

 

 

 

 

 

    

    

 

    

Accumulated

 

 

Cost

 

Depreciation

Computer equipment and software

 

$

15,455

 

$

(15,455)

Leasehold improvements

 

 

1,435

 

 

(1,435)

Office furniture and fixtures

 

 

721

 

 

(721)

Other office equipment

 

 

596

 

 

(596)

Total property and equipment retirements

 

$

18,207

 

$

(18,207)

 

Depreciation and amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

 

2015

    

2014

    

2013

 

Depreciation and amortization expense

 

 

$

7,668

 

$

5,910

 

$

5,151