v2.4.1.9
Property and Equipment
 12 Months Ended
Dec. 31, 2014
Property and Equipment

(7) Property and Equipment

Property and equipment (in thousands) consisted of the following, as of:

 

     December 31,  
     2014      2013  

Transportation equipment

    $ 48,906       $ 48,917   

Computer equipment and purchased software

      72,602         66,713   

Furniture and equipment

      11,477         11,647   

Leasehold improvements

      28,500         29,116   

Internally developed software

      9,408         8,393   
  

 

 

     

 

 

  

Property and equipment, gross

   170,893      164,786   

Less: accumulated depreciation and amortization

   (93,041 )    (79,341 ) 
  

 

 

     

 

 

  

Property and equipment, net

 $ 77,852    $ 85,445   
  

 

 

     

 

 

  

Included in transportation equipment is the Company’s owned corporate aircraft, including capitalizable costs related to the repairs to the aircraft, and aircraft-related equipment. As of December 31, 2014, the net asset value of the aircraft and aircraft-related equipment was $41.5 million, net of $7.1 million of accumulated depreciation. As of December 31, 2013, the net asset value of the aircraft and aircraft-related equipment was $43.0 million, net of $5.6 million of accumulated depreciation.

Included in computer equipment at December 31, 2014 and December 31, 2013 is $2.9 million and $2.9 million, respectively, acquired under capital lease arrangements. At December 31, 2014 and December 31, 2013, accumulated amortization relating to computer equipment under capital lease arrangements totaled $2.5 million and $1.7 million, respectively.

 

Depreciation and amortization expense related to property and equipment, including assets under capital leases, was $20.1 million, $21.0 million, and $17.7 million for the years ended December 31, 2014, 2013, and 2012, respectively.