Property and Equipment

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment are recorded at cost and consist of the following:

	As of June 30, 2017			As of December 31, 2016
	(in thousands)
Computer equipment and software	$	14,189		$	12,844
Furniture and fixtures	3,614			3,131
Leasehold improvements	8,717			8,077
Total	26,520			24,052
Less accumulated depreciation	(18,233		)	(15,964		)
Property and equipment, net	$	8,287		$	8,088

Depreciation expense was $1.1 million for the three months ended June 30, 2017 and 2016 and $2.3 million and $2.2 million for the six months ended June 30, 2017 and 2016, respectively.