Property and Equipment

3 Months Ended

Mar. 31, 2014

5. Property and Equipment

The components of the Company’s property and equipment as of March 31, 2014 and December 31, 2013 were as follows:


	March 31, 2014			December 31, 2013
	(in thousands)
Computer equipment	$	10,980		$	9,739
Furniture and fixtures		2,361			2,176
Developed software		14,379			13,930
Purchased software		2,129			2,124
Leasehold improvements		6,465			6,120

Property and equipment		36,314			34,089
Accumulated amortization and depreciation		(18,982	)		(16,993	)

Property and equipment, net	$	17,332		$	17,096

The Company recorded amortization and depreciation expense for property and equipment other than developed software for the three months ended March 31, 2014 and 2013 of $1.3 million and $0.8 million, respectively.

For the three months ended March 31, 2014 and 2013, the Company capitalized $0.4 million and $0.7 million, respectively, of developed software costs. Amortization expense for developed software costs, recognized in depreciation and amortization in the condensed consolidated statements of operations, for the three months ended March 31, 2014 and 2013 was $0.7 million and $0.5 million, respectively.

- 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.

+ References+ Details