Property and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

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



	2013			2012
Furniture, fixtures and equipment	$	8,409		$	6,891
Computers and related equipment	12,155			6,918
Computer software	37,800			32,871
Leasehold improvements	6,059			5,417
Work-in-progress	14,929			9,937
	79,352			62,034
Less -- accumulated depreciation and amortization	(40,761		)	(35,172		)
	$	38,591		$	26,862

Depreciation and amortization expense related to property and equipment was $8.0 million in 2013, $6.5 million in 2012 and $5.3 million in 2011, and is included in SG&A expenses.

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 $13.5 million as of December 31, 2013 and $12.1 million as of December 31, 2012, which includes work-in-progress of $10.0 million and $7.5 million, respectively.

- Definition

The entire disclosure for 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, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. 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.

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