Property and Equipment

12 Months Ended

Dec. 31, 2013

4. Property and Equipment

The composition of property and equipment as of December 31, 2012 and 2013 is as follows (in thousands):

	2012			2013			Estimated useful life (years)
Land	$	7,138		$	7,138			–
Buildings and improvements		18,188			19,105			5-40
Furniture, equipment, and computer hardware and software		153,597			159,160			5-10
Leasehold improvements		38,362			39,299			3-10
Construction in progress		670			790			–
		217,955			225,492
Accumulated depreciation and amortization		(96,435	)		(131,071	)
	$	121,520		$	94,421

Construction in progress includes costs associated with the construction of new campuses and the development of information technology applications. In 2012 and 2013, the Company recorded leasehold improvements of $1.1 million and $0.3 million, respectively, which were reimbursed by lessors as lease incentives. In 2012 and 2013, the Company wrote off $12.5 million and $0.8 million, respectively, in fixed assets that were fully depreciated and no longer in service.

- 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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