Property and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment.

Property and Equipment

Property and equipment at December 31, 2016 and 2015 consisted of the following (in thousands):

	2016			2015
Furniture, fixtures and equipment	$	14,956		$	14,445
Computers and related equipment	23,286			33,121
Computer software	72,852			52,929
Leasehold improvements	12,670			10,551
Work-in-progress	5,522			4,139
	129,286			115,185
Less -- accumulated depreciation	(72,344		)	(61,989		)
	$	56,942		$	53,196

Depreciation expense related to property and equipment was $22.6 million in 2016, $16.8 million in 2015 and $12.3 million in 2014 and is included in SG&A expenses.

The Company has capitalized costs related to its various technology initiatives. At December 31, 2016 and 2015, the net book value of the property and equipment related to software development was $31.8 million and $15.7 million, respectively, which included work-in-progress of $3.1 million and $2.5 million, respectively.