Property and Equipment

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

The following is a summary of property and equipment, at cost less accumulated depreciation, at March 31, 2014 and December 31, 2013:



	March 31, 2014			December 31, 2013
	(in thousands)
Land	$	4,276		$	4,276
Computer equipment	4,133			3,980
Furniture and fixtures	2,707			2,649
Leasehold improvements	124			124
Building	15,975			15,748
Capitalized software	6,831			5,883
Property and equipment, gross	34,046			32,660
Less: Accumulated depreciation and amortization	(12,194		)	(11,590		)
Property and equipment, net	$	21,852		$	21,070

Depreciation expense related to property and equipment was $537 and $374, respectively, for the three months ended March 31, 2014 and 2013. Amortization expense related to capitalized software was $67 and $0, respectively, for the three months ended March 31, 2014 and 2013. A total of $947 was capitalized related to the development of software during the three months ended March 31, 2014. No such costs were capitalized during the three months ended March 31, 2013.

- 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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