PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2012

4. PROPERTY AND EQUIPMENT

A summary of the Company's property and equipment is as follows (in thousands):

	Estimate Useful Life	As of December 31, 2011			As of December 31, 2010

Building and improvements	15 - 40 years	$	18,708		$	—
Furniture and equipment	2 - 10 years		62,224			26,526
Software	3 - 5 years		96,010			54,706
Leasehold improvements	3 - 10 years		1,458			2,638
Construction in progress			15,737			13,626
Accumulated depreciation			(41,827	)		(16,440	)

Total		$	152,310		$	81,056

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2011 and 2010, and the six months ended December 31, 2009 and June 30, 2009 was $31.7 million, $12.5 million, $4.0 million and $1.1 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.

+ References+ Details