Property and Equipment

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The following is a summary of property and equipment, at cost less accumulated depreciation, at March 31, 2016 and December 31, 2015:

	March 31, 2016			December 31, 2015
	(in thousands)
Land	$	4,276		$	4,276
Computer equipment	6,971			6,621
Furniture and fixtures	3,449			3,443
Leasehold improvements	2,215			2,214
Building	16,158			16,137
Capitalized software	16,865			15,706
Property and equipment, gross	49,934			48,397
Less: Accumulated depreciation and amortization	(15,964		)	(14,183		)
Property and equipment, net	$	33,970		$	34,214

Depreciation expense related to property and equipment was $0.9 million and $0.7 million, respectively, for the three months ended March 31, 2016 and 2015. Amortization expense related to capitalized software was $0.8 million and $0.1 million, respectively, for the three months ended March 31, 2016 and 2015. We capitalized software development costs of $1.1 million and $2.0 million, respectively, for the three months ended March 31, 2016 and 2015.