Property, Equipment and Software

Property, equipment and software was comprised of the following as of September 30, 2015 and December 31, 2014:



	September 30, 2015			December 31, 2014
Furniture and equipment	$	15,156		$	12,450
Land	3,105			3,101
Buildings and improvements	17,630			17,082
Software	6,482			4,696
Capitalized website and software development costs	43,103			23,214
Total property, equipment and software	85,476			60,543
Less accumulated depreciation	(12,690		)	(9,279		)
Total property, equipment and software, net	$	72,786		$	51,264

Included in the Company's net property, equipment and software balance at September 30, 2015 was approximately $43,212 in construction in progress, comprised of $1,285 for furniture and equipment, $36 for buildings and improvements, $1,569 for software and $40,322 for capitalized website and software development costs, which included $2,868 of capitalized interest.

At December 31, 2014, the Company's construction in progress balance was $22,418, consisting of $76 for furniture and equipment, $826 for buildings and improvements, $138 for software and $21,378 for capitalized website and software development costs, which included $1,410 of capitalized interest.

Depreciation expense for the three months ended September 30, 2015 and 2014 was approximately $1,315 and $1,013, respectively. Depreciation expense for the nine months ended September 30, 2015 and 2014 was approximately $3,826 and $2,708, respectively.

During the second quarter of 2015, the Company recorded a $686 long-lived asset impairment charge for certain assets categorized as buildings and improvements related to the Company's decision not to pursue its Indianapolis campus expansion plan. The long-lived asset impairment charge was recorded in the general and administrative expense line within the condensed consolidated statements of operations for the nine months ended September 30, 2015.