EQUIPMENT AND IMPROVEMENTS (Notes)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Equipment and Improvements

Note 8—Equipment and Improvements

Equipment and improvements consisted of the following:

		As of December 31,
	Estimated initial useful life	2015			2014
	(In years)	(In thousands)
Equipment and computer software	3-5	$	5,513		$	4,541
Leasehold improvements	11	2,468			2,455
Office furniture and fixtures	7	746			672
Equipment and improvements, gross		8,727			7,668
Less: accumulated depreciation (1)		(3,861		)	(2,474		)
Equipment and improvements, net		$	4,866		$	5,194

Explanatory Note:

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(1) Depreciation expense related to equipment and improvements totaled $1.4 million and $1.3 million for the years ended December 31, 2015 and 2014, respectively.

During the years ended December 31, 2015 and 2014, additions to equipment and improvements totaled $1.1 million and $2.2 million, respectively.