v2.4.0.6

Property and Equipment

12 Months Ended

Dec. 31, 2011

Property and Equipment [Abstract]

Property and Equipment

2. Property and Equipment.

Property and equipment at December 31, 2011 and 2010 consisted of the following (in thousands):

		2011				2010
Furniture and fixtures		$	4,304			$	3,551
Computers and related equipment			5,414				4,950
Computer software			27,306				24,649
Machinery and equipment			1,472				1,062
Leasehold improvements			4,633				3,463
Work-in-progress			4,751				4,412
			47,880				42,087
Less accumulated depreciation and amortization			(29,823	)			(26,269	)
Total		$	18,057			$	15,818

Depreciation and amortization expense related to property and equipment was $6.5 million in 2011, $5.9 million in 2010 and $5.7 million in 2009.

The Company has capitalized costs related to its various technology initiatives. The net book value of the property and equipment related to software development was $8.5 million as of December 31, 2011 and $7.9 million as of December 31, 2010, which includes work-in-progress of $3.9 million and $3.0 million, respectively.

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- Definition

Disclosure of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, building and production equipment. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. This element may be used as a single block of text to include the entire PPE disclosure, including data and tables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

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