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Office Equipment and Leasehold Improvements

9 Months Ended

Sep. 30, 2012

Office Equipment and Leasehold Improvements

Office Equipment and Leasehold Improvements

13. Office Equipment and Leasehold Improvements

Refer to Note 1 within the footnotes to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011, for a detailed discussion of the accounting policy related to office equipment and leasehold improvements.

Office equipment and leasehold improvements consist of the following:

(In thousands of dollars)		September 30, 2012			December 31, 2011
Communications and data processing equipment		$	5,046		$	4,968
Furniture and fixtures		3,334			3,251
Leasehold improvements		1,793			1,766
Software		850			692
Total		11,023			10,677
Less: accumulated depreciation and amortization		(5,297		)	(3,942		)
Total office equipment and leasehold improvements, net		$	5,726		$	6,735

Depreciation and amortization expense for the three and nine months ended September 30, 2012 and 2011 was $0.5 million and $0.5 million, and $1.5 million and $1.4 million, respectively.

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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