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Property and Equipment
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5. Property and Equipment

Property and equipment are recorded at cost and consist of the following:

 

     As of      As of  
     September 30, 2016      December 31, 2015  
     (in thousands)  

Computer equipment and software

   $ 12,126       $ 9,858   

Furniture and fixtures

     2,741         2,409   

Leasehold improvements

     8,192         6,943   
  

 

 

    

 

 

 

Total

     23,059         19,210   

Less accumulated depreciation

     (15,050      (11,678
  

 

 

    

 

 

 

Property and equipment, net

   $ 8,009       $ 7,532   
  

 

 

    

 

 

 

Depreciation expense was $1.2 million and $1.1 million for the three months ended September 30, 2016 and 2015, respectively, and $3.4 million and $2.9 million for the nine months ended September 30, 2016 and 2015, respectively.