Equipment, Software, and Leasehold Improvements

12 Months Ended

Dec. 31, 2013

Equipment, Software and Leasehold Improvements [Abstract]

Equipment, Software and Leasehold Improvements

7. Equipment, Software and Leasehold Improvements

Equipment, software and leasehold improvements consist of the following:

(in thousands)	December 31,
	2013			2012
Computer equipment	$	3,304		$	3,246
Software		1,348			1,266
Leasehold improvements		446			369
Furniture and fixtures		1,992			1,852
		7,090			6,733
Accumulated depreciation		(5,175	)		(4,653	)
Equipment, software and leasehold improvements, net	$	1,915		$	2,080

Depreciation expense was $570,000, $562,000, and $497,000 for the years ended December 31, 2013, 2012, and 2011, respectively. During 2012, the Company implemented a new Enterprise Resource Planning (ERP) system across our global operations and placed it in service in October 2012. The Company capitalized $68,000 and $1.1 million of costs related to this project during the year ended December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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