XML 43 R10.htm IDEA: XBRL DOCUMENT
v3.6.0.2

PROPERTY AND EQUIPMENT | 12 Months Ended
--- | ---
Dec. 31, 2016
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT The balance of property and equipment, net is as follows (in thousands):
| December 31, 2016 |  | December 31, 2015
Land | $ | 5,818 |  |  | $ | — |
Building | 14,679 |  |  | — |
Site improvements | 950 |  |  | — |
Computer equipment and capitalized software | 14,886 |  |  | 10,192 |
Leasehold improvements | 3,048 |  |  | 2,096 |
Furniture and other equipment | 826 |  |  | 432 |
Aircraft and automobile | 1,988 |  |  | 23 |
Projects in progress | 3,006 |  |  | 3,612 |
Total gross property and equipment | 45,201 |  |  | 16,355 |
Accumulated depreciation | (9,739 | ) |  | (6,940 | )
Total property and equipment, net | $ | 35,462 |  |  | $ | 9,415 |
Unamortized capitalized software development costs, in service or under development, are $9.4 million and $8.0 million at December 31, 2016 and 2015, respectively. Capitalized software development depreciation expense was $4.3 million, $2.6 million and $2.8 million for the years ended December 31, 2016, 2015 and 2014, respectively. During 2014, the Company recorded an impairment charge in its Education business of approximately $0.4 million to internally developed software. See Note 2—Significant Accounting Policies for a discussion of the impairment. In December 2016, the Company acquired two office buildings in Charlotte, North Carolina for $23.5 million in cash, which included $0.1 million in acquisition-related costs which were capitalized. The Company intends to utilize one or both buildings in the future as the corporate headquarters and to continue to rent any unused space. The acquisition has been accounted for as an asset purchase and the allocation of the purchase price to the assets acquired is as follows (in thousands):
| Fair Value |  | Weighted Average Depreciation Life
Land | $ | 5,818 |  |  | N/A
Building | 14,679 |  |  | 34.0 years
Site improvements | 950 |  |  | 6.6 years
Tenant leases | 2,029 |  |  | 3.2 years
Total purchase price | $ | 23,476 |  |  |
Future rental income from the building tenants as of December 31, 2016 under operating lease agreements having an initial or remaining non-cancelable lease term in excess of one year are as follows (in thousands):
Year ending December 31, | Amount
2017 | $ | 1,435 |
2018 | 1,197 |
2019 | 951 |
2020 | 599 |
2021 | 151 |
Total | $ | 4,333 |
Rental income is included in other income on the accompanying consolidated statement of operations and comprehensive income.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration