Equipment, Software, and Leasehold Improvements

12 Months Ended

Dec. 31, 2012

Equipment, Software and Leasehold Improvements [Abstract]

7. Equipment, Software and Leasehold Improvements

Equipment, software and leasehold improvements consist of the following:

(in thousands)		December 31,
		2012	2011
Computer equipment		$ 3,246	$ 3,649
Software		1,266	186
Leasehold improvements		369	181
Furniture and fixtures		1,852	1,190
		6,733	5,206
Accumulated depreciation		(4,653)	(4,105)
	Equipment, software and leasehold improvements, net	$ 2,080	$ 1,101

Depreciation expense was $562,000, $497,000, and $579,000 for the years ended December 31, 2012, 2011, and 2010, respectively. During 2012, the Company implemented a new Enterprise Resource Planning (ERP) system across our global operations. The Company capitalized $1.1 million of costs related to this project during the year ended December 31, 2012 and placed the ERP system into service in October 2012.

- 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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