Property and Equipment, Net

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property and equipment as of September 30, 2012 and December 31, 2011 consists of the following:



(in thousands)	2012			2011
Land	$	4,000		$	13,204
Buildings	10,780			13,396
Furniture and equipment	101,773			104,081
Capitalized software	468,346			449,990
Leasehold improvements	40,577			42,873
	625,476			623,544
Less accumulated depreciation	(428,262		)	(409,307		)
Property and equipment, net	$	197,214		$	214,237

Depreciation expense for property and equipment was approximately $19.0 million and $19.9 million for the three months ended September 30, 2012 and 2011, respectively; and $52.5 million and $47.8 million for the nine months ended September 30, 2012 and 2011, respectively.

We have reclassified $0.4 million and $3.0 million of property and equipment, net, to assets of discontinued operations as of September 30, 2012 and December 31, 2011, respectively. We recognized impairment losses primarily related to internally developed software and land of $8.5 million and $13.6 million for the three and nine months ended September 30, 2012, respectively. We recognized impairment losses primarily related to internally developed software of $5.4 million for the three and nine months ended September 30, 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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