v3.6.0.2

Property and Equipment, Net

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Note 4—Property and Equipment, Net

Major classes of property and equipment were as follows (in thousands):

		As of December 31,
		2015				2016
Computer equipment		$	1,164			$	2,542
Purchased software			5,306				6,686
Furniture and fixtures			755				2,563
Construction in progress			—				2,319
Leasehold improvements			665				4,374
			7,890				18,484
Less: Accumulated depreciation			(1,265	)			(3,705	)
		$	6,625			$	14,779

Depreciation expense for 2014, 2015 and 2016 was $0.3 million, $1.0 million and $2.4 million respectively.

The Company has purchased software under a financing arrangement where the Company makes installment payments over a four-year period. The Company has taken possession of the software and runs the software on its own equipment. As of December 31, 2015 and 2016, the software had a cost basis of $1.8 million. Accumulated depreciation on this software as of December 31, 2015 and 2016 was $0.5 million and $0.9 million, respectively. Depreciation expense on this software was $0.1 million for 2014, $0.4 million for 2015 and $0.4 million for 2016.

To date, there have been no impairment charges to property and equipment.

X

- References

No definition available.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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