Property and Equipment, Net



NOTE 3.	Property and Equipment, Net

Property and equipment, which includes assets under capital lease, consists of the following:



	December 31,
	2014			2013
	(in thousands)
Computer equipment	$	35,576		$	27,464
Computer software	10,899			9,277
Furniture, fixtures and equipment	2,931			2,031
Scanner appliances	19,861			17,055
Leasehold improvements	2,622			2,100
Total property and equipment	71,889			57,927
Less: accumulated depreciation and amortization	(45,271		)	(34,852		)
Property and equipment, net	$	26,618		$	23,075

There were no assets under capital lease at December 31, 2014. Assets held under capital lease at December 31, 2013 included in computer software totaled approximately $3.1 million, and the related accumulated depreciation totaled $1.2 million.

Physical scanner appliances and other computer equipment that are or will be subject to subscriptions by customers have a net carrying value of $6.0 million and $4.7 million at December 31, 2014 and 2013, respectively, including assets that have not been placed in service of $1.4 million and $0.6 million, respectively. Other fixed assets not placed in service at December 31, 2014 and 2013, included in computer equipment and leasehold improvements, were $2.8 million and $1.6 million, respectively. Depreciation and amortization expense relating to property and equipment, including capitalized leases, was $11.5 million, $9.2 million and $6.9 million for 2014, 2013 and 2012, 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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