Property and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

3. Property and Equipment, Net

Property and equipment, net at December 31, 2013 and 2012 consisted of the following (in thousands):


	2013			2012
Buildings and leasehold improvements	$	18,459		$	17,892
Furniture and fixtures		22,407			20,506
Capitalized software		34,983			33,739

Equipment		10,416			10,184

Total property and equipment		86,265			82,321
Accumulated depreciation and amortization		(67,098	)		(64,538	)

Property and equipment, net	$	19,167		$	17,783

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2013, 2012 and 2011 was as follows (in thousands):


	2013		2012		2011
Operating expenses	$	4,497	$	4,444	$	4,427
Corporate general and administrative expenses		331		307		339

Total depreciation and amortization expense	$	4,828	$	4,751	$	4,766

Included in total depreciation and amortization expense is amortization of capitalized software of $0.9 million, $0.8 million and $0.9 million for the years ended December 31, 2013, 2012 and 2011, 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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