XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property and Equipment
9 Months Ended
Sep. 30, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

6. Property and Equipment

The components of the Company’s property and equipment as of September 30, 2016 and December 31, 2015 were as follows:

 

 

 

September 30, 2016

 

 

December 31, 2015

 

 

 

(in thousands)

 

Computer equipment

 

$

15,466

 

 

$

10,080

 

Delivery equipment

 

 

1,904

 

 

 

555

 

Furniture and fixtures

 

 

4,776

 

 

 

2,092

 

Developed software

 

 

21,758

 

 

 

11,129

 

Purchased software and digital assets

 

 

1,050

 

 

 

361

 

Leasehold improvements

 

 

15,547

 

 

 

6,050

 

Construction in progress

 

 

2,547

 

 

 

 

Property and equipment

 

 

63,048

 

 

 

30,267

 

Accumulated amortization and depreciation

 

 

(19,650

)

 

 

(11,185

)

Property and equipment, net

 

$

43,398

 

 

$

19,082

 

The Company recorded depreciation and amortization expense for property and equipment other than developed software of $2.3 million and $1.1 million for the three months ended September 30, 2016 and 2015, respectively, and $5.6 million and $4.5 million for the nine months ended September 30, 2016 and 2015, respectively.

The Company capitalized developed software costs of $4.1 million and $2.0 million for the three months ended September 30, 2016 and 2015, respectively, and $10.8 million and $5.5 million for the nine months ended September 30, 2016 and 2015, respectively. Amortization expense for developed software costs, recognized in depreciation and amortization in the condensed consolidated statements of operations, for the three months ended September 30, 2016 and 2015 was $1.4 million and $0.5 million, respectively, and $3.6 million and $3.4 million for the nine months ended September 30, 2016 and 2015, respectively. During the nine months ended September 30, 2015, the Company recorded approximately $1.9 million of accelerated depreciation and amortization expense related to certain developed and purchased software and computer equipment assets that were disposed of with the migration of nearly all of the Seamless consumer diner traffic to a new web and mobile platform during the second quarter of 2015.