Property and Equipment

12 Months Ended

Dec. 31, 2014

Property and Equipment

Property, Plant and Equipment [Table Text Block]

4. Property and Equipment

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

	As of December 31,
	2014			2013
	(in thousands)
Land	$	4,276		$	4,276
Computer equipment	4,566			3,980
Furniture and fixtures	2,750			2,649
Leasehold improvements	124			124
Building	16,527			15,748
Capitalized software	11,968			5,883
Property and equipment, gross	40,211			32,660
Less: Accumulated depreciation and amortization	(14,108		)	(11,590		)
Property and equipment, net	$	26,103		$	21,070

Depreciation expense related to property and equipment was $2,412, $569, $1,595 and $1,030, respectively, for the year ended December 31, 2014, the three months ended December 31, 2013 and the years ended September 30, 2013 and 2012. Amortization expense related to capitalized software was $351, $19, $19 and $1,252, respectively, for the year ended December 31, 2014, the three months ended December 31, 2013 and the years ended September 30, 2013 and 2012. Capitalized software development costs totaled $5,960, $352 and $672, respectively, for the year ended December 31, 2014, the three months ended December 31, 2013, and the year ended September 30, 2013. The Company did not capitalize any software development costs during the year ended September 30, 2012.

	As of December 31,
	2014			2013
	(in thousands)
Land	$	4,276		$	4,276
Computer equipment	4,566			3,980
Furniture and fixtures	2,750			2,649
Leasehold improvements	124			124
Building	16,527			15,748
Capitalized software	11,968			5,883
Property and equipment, gross	40,211			32,660
Less: Accumulated depreciation and amortization	(14,108		)	(11,590		)
Property and equipment, net	$	26,103		$	21,070