Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

7. Property and Equipment

Property and equipment consists of the following (in thousands):


	September 30, 2014			December 31, 2013
Computer equipment and software	$	11,102		$	11,371
Furniture and fixtures		1,182			1,170
Leasehold improvements		1,301			866

Total cost		13,585			13,407
Less accumulated depreciation and amortization		(5,873	)		(9,839	)

Property and equipment, net	$	7,712		$	3,568

At September 30, 2014, computer equipment and software included $3.6 million of unamortized software costs related to internal use software projects in process and leasehold improvements included approximately $0.5 million for building improvements in connection with our new office lease, which amortization will commence once we occupy the space. During the third quarter of 2014, the Company disposed of $5.0 million of retired computer equipment, that had associated accumulated depreciation of approximately $4.9 million, as the equipment was no longer in use.

- 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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