Property and Equipment

12 Months Ended

Dec. 31, 2012

3.	Property and Equipment

The composition of property and equipment as of December 31, 2011 and 2012 is as follows (in thousands):

	2011			2012			Estimated useful life (years)
Land	$	7,138		$	7,138			–
Buildings and improvements		17,995			18,188			5-40
Furniture, equipment, and computer hardware and software		146,523			153,597			5-10
Leasehold improvements		33,692			38,362			3-10
Construction in progress		843			670			–
		206,191			217,955
Accumulated depreciation and amortization		(85,042	)		(96,435	)
	$	121,149		$	121,520

Construction in progress includes costs associated with the construction of new campuses and the development of information technology applications. In 2011 and 2012, the Company recorded leasehold improvements of $2.0 million and $1.1 million, respectively, which were reimbursed by lessors as lease incentives. In 2011 and 2012, the Company wrote off $10.9 million and $12.5 million, respectively, in fixed assets that were fully depreciated and no longer in service.

- 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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