Property and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

The following is a summary of property and equipment, at cost less accumulated depreciation, at June 30, 2014 and December 31, 2013:



	June 30, 2014			December 31, 2013
	(in thousands)
Land	$	4,276		$	4,276
Computer equipment	4,079			3,980
Furniture and fixtures	2,741			2,649
Leasehold improvements	124			124
Building	16,203			15,748
Capitalized software	8,525			5,883
Property and equipment, gross	35,948			32,660
Less: Accumulated depreciation and amortization	(12,639		)	(11,590		)
Property and equipment, net	$	23,309		$	21,070

Depreciation expense related to property and equipment was $606 and $453, respectively, for the three months ended June 30, 2014 and June 30, 2013 and $1,143 and $827, respectively, for the six months ended June 30, 2014 and June 30, 2013. Amortization expense related to capitalized software was $73 and $0, respectively, for the three months ended June 30, 2014 and June 30, 2013, and $140 and $0, respectively, for the six months ended June 30, 2014 and June 30, 2013. We capitalized software development costs of $1,684 and $312, respectively, for the three months ended June 30, 2014 and June 30, 2013, and $2,632 and $312, respectively for the six months ended June 30, 2014 and June 30, 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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