Property and Equipment, Net

12 Months Ended

Dec. 31, 2016

Property and Equipment, Net

Property and Equipment, Net

5.  Property and Equipment, Net

Property and equipment, net consisted of:

	December 31,
	2016			2015
Leasehold improvements	$	8,524		$	6,863
Computer hardware	8,909			6,774
Furniture and fixtures	1,708			1,636
Computer software	1,571			1,344
Office equipment	226			193
Total	20,938			16,810
Less: accumulated depreciation	(11,282		)	(6,716		)
Total property and equipment, net of accumulated depreciation	$	9,656		$	10,094

The depreciation expense related to property and equipment was $4,649, $3,404, and $1,840 for the years ended December 31, 2016, 2015 and 2014, respectively. The Company disposed of assets with a cost basis of $107 and accumulated depreciation of $84 during the year ended December 31, 2016.

The Company recorded a $566 (includes disposal costs of $22) impairment charge for the year ended December 31, 2015.  This impairment charge represents the remaining net carrying values of certain property and equipment located at its former headquarters, which were vacated and impaired during 2015 based on changes in expected use of the asset that indicated the carry amount may not be recoverable.  Accordingly, the Company recorded a reduction of $2,251 to the cost and $1,707 to the accumulated depreciation balances.

The Company entered into capital leases for the acquisition of $1,141 of computer hardware for its data center in Ashburn, Virginia.  As of December 31, 2016, these assets were not placed in service and as such, no depreciation expense has been recorded for 2016.