XML 41 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
Capitalized Software Development Costs
12 Months Ended
Dec. 31, 2016
Capitalized Software Development Costs [Abstract]  
Capitalized Software Development Costs
Capitalized Software Development Costs

In accordance with the relevant authoritative accounting literature the Company has capitalized certain software and product related development costs associated with both the Company’s continuing medical education service offerings, and the Company’s development of its property and casualty underwriting insurance data exchange platform servicing the London markets. During the year ended December 31, 2016 the Company capitalized $4.0 million of such development costs. As of December 31, 2016 a total of $6.0 million of remaining unamortized development costs are reported on the Company’s consolidated balance sheet. During the year ended December 31, 2016 the Company recognized $1.1 million of amortization expense with regards to these capitalized software development costs, which is included in costs of services provided in the Company’s consolidated income statement. During 2015 and through the 3rd quarter of 2016 the useful life over which certain capitalized continuing medical education products costs were being amortized was eighteen months. In the fourth quarter of 2016 the amortization period for these these costs was revised to a five-year straight-line methodology and additionally now all continuing medical education products costs are being capitalized. This change had the effect of reducing reported services and other costs by $2.9 million. The capitalized software development costs for the property and casualty underwriting insurance data exchange platform are being amortized over a period of five years.