Equipment, Software, and Leasehold Improvements

12 Months Ended

Dec. 31, 2018

Equipment, Software and Leasehold Improvements [Abstract]

Equipment, Software and Leasehold Improvements

8.  Equipment, Software and Leasehold Improvements

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

(in thousands)	December 31,
	2018			2017
Computer equipment	$	2,178		$	2,101
Software		1,682			1,598
Leasehold improvements		619			454
Furniture and fixtures		814			629
		5,293			4,782
Accumulated depreciation		(4,228	)		(3,719	)
Equipment, software and leasehold improvements, net	$	1,065		$	1,063

Depreciation expense was $0.5 million and $0.3 million for the years ended December 31, 2018 and 2017, respectively.

As discussed in Note 4, 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 for the year ended December 31, 2017. There was no fixed-asset write-off for the year ended December 31, 2018.