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Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 6: PROPERTY AND EQUIPMENT, NET

Property and equipment consists of the following:


		December 31,
		2012				2011
		(In thousands)
Capitalized software and website development		$	48,527			$	46,878
Leasehold improvements			14,244				12,924
Computer equipment			13,174				11,638
Furniture and other equipment			5,276				5,267

			81,221				76,707
Less: accumulated depreciation			(37,626	)			(43,391	)
Projects in progress			207				1,438

Property and equipment, net		$	43,802			$	34,754

As of December 31, 2012 and 2011, our recorded capitalized software and website development costs, net of accumulated amortization, were $28.4 million and $21.0 million, respectively. For the years ended December 31, 2012 and 2011, we capitalized $20.2 million and $16.3 million, respectively, related to software and website development costs. For the years ended December 31, 2012, 2011 and 2010, we recorded amortization of capitalized software and website development costs of $12.8 million, $12.4 million and $8.1 million, respectively, which is included in depreciation expense on our consolidated and combined statement of operations.

During the year ended December 31, 2012, we retired property and equipment, primarily capitalized software and website development, which were no longer in use with a total cost of $25.4 million and associated accumulated depreciation of $25.2 million, resulting in a loss of $0.2 million included in Other, net on the consolidated and combined statement of operations.

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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