Equipment, Software, and Leasehold Improvements, net

12 Months Ended

Dec. 31, 2017

Equipment, Software and Leasehold Improvements, net [Abstract]

Equipment, Software and Leasehold Improvements, net

7.  Equipment, Software and Leasehold Improvements, net

Equipment, software and leasehold improvements, net consist of the following:

(in thousands)	December 31,
	2017		2016
Computer equipment	$	2,101	$	2,988
Software		1,598		1,511
Leasehold improvements		454		527
Furniture and fixtures		629		1,733
		4,782		6,759
Accumulated depreciation		(3,719)		(5,527)
Equipment, software and leasehold improvements, net	$	1,063	$	1,232

Depreciation expense was $342,000 and $383,000 for the years ended December 31, 2017 and 2016, respectively.

As discussed in Note 3, Restructuring Expenses, on December 27, 2017, the board of the Company approved an international restructuring plan to streamline and optimize the Company's global operations. As a result, the Company will be closing its offices in Nyköping, Sweden; Chennai, India; and Stockton-on-Tees, UK, accordingly, the Company's management conducted an impairment test of the assets to be disposed of under the plan.

The fixed assets under the respective offices primarily included computers, office equipment and furniture, software and leasehold improvements. As a result of this test, the Company concluded that these assets were no longer recoverable. Accordingly, we recorded a  $0.1 million write-off of the fixed assets which represented the net book value of the respective assets.