Property And Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consists of the following:



(In millions)	As of December 31,
	2014			2013
Land and land improvements	$	2.3		$	2.3
Building and improvements	13.9			14.0
Data processing equipment and software	26.8			25.5
Office furniture and equipment	4.1			4.1
Leasehold improvements	1.5			0.7
Total property and equipment	48.6			46.6
Less: Accumulated depreciation on property and equipment	(27.7		)	(24.3		)
Total property and equipment, net	$	20.9		$	22.3

Depreciation expense on property and equipment was $5.5 million, $5.4 million and $5.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.

For the years ended December 31, 2014, 2013 and 2012, we capitalized software developed for internal use of $1.4 million, $0.8 million and $4.4 million, respectively. As of December 31, 2014 and 2013, capitalized software costs, net of accumulated depreciation, totaled $4.2 million and $4.0 million, respectively.

- 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.

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