Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment at December 31, 2014 and 2013 consisted of the following (in thousands):



	2014			2013
Furniture, fixtures and equipment	$	11,972		$	8,409
Computers and related equipment	22,684			12,155
Computer software	44,088			37,800
Leasehold improvements	7,007			6,059
Work-in-progress	12,287			14,466
	98,038			78,889
Less -- accumulated depreciation	(51,219		)	(40,761		)
	$	46,819		$	38,128

Depreciation expense related to property and equipment was $13.3 million in 2014, $8.0 million in 2013 and $6.5 million in 2012, and is included in SG&A expenses.

The Company has capitalized costs related to its various technology initiatives. At December 31, 2014 and 2013, the net book value of the property and equipment related to software development was $14.0 million and $13.5 million, respectively, which included work-in-progress of $9.0 million and $10.0 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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