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Property and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

Note 4. Property and Equipment

 

A summary of property and equipment is as follows (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Computer and office equipment

 

$

15,740

 

 

$

14,253

 

Software

 

 

3,631

 

 

 

2,485

 

Furniture

 

 

1,561

 

 

 

1,278

 

Leasehold improvements

 

 

8,986

 

 

 

8,245

 

 

 

 

29,918

 

 

 

26,261

 

Less:  Accumulated depreciation and amortization

 

 

(17,091

)

 

 

(12,774

)

Property and equipment, net

 

$

12,827

 

 

$

13,487

 

 

Depreciation and amortization expense related to property and equipment was $6.0 million, $6.5 million and $5.2 million for the years ended December 31, 2016, 2015 and 2014, respectively. During the years ended December 31, 2016 and 2015, the Company retired $1.5 million and $5.5 million fully depreciated computer and office equipment, respectively. Property and equipment includes $198,000 and $260,000 of capital leases at December 31, 2016 and 2015, respectively. Accumulated depreciation of these leased assets was $113,000 and $137,000 at December 31, 2016 and 2015, respectively. These leased assets are included in the computer and office equipment category in the table above.

 

The Company has an asset retirement obligation related to certain leased facilities. The accrued asset retirement obligation at December 31, 2016 and 2015 was $175,000 and $210,000, respectively.