Property and Equipment

12 Months Ended

Dec. 31, 2016

Property and Equipment

Property and Equipment

6. Property and Equipment

Property and equipment consist of the following (in thousands):

		As of December 31,
	Depreciable Life	2016		2015
Leasehold improvements	Shorter of estimated useful life or life of lease	$	3,063	$	2,258
Office furniture, fixtures and equipment	2 - 10 years		11,660		12,046
Equipment under capital leases	Shorter of estimated useful life or life of lease		164		1,274
			14,887		15,578
Less accumulated depreciation			(12,196)		(13,183)
		$	2,691	$	2,395

Depreciation expense was $868,000,  $1,045,000 and $1,110,000 for the years ended December 31, 2016,  2015 and 2014, respectively.