Property and Equipment

9 Months Ended

Sep. 30, 2014

(5) Property and Equipment

Property and equipment is summarized as follows:

	September 30, 2014			December 31, 2013
Computer equipment and software	$	22,075		$	14,108
Furniture and fixtures	2,149			2,588
Leasehold improvements	13,932			10,669
Property and equipment	38,156			27,365
Less accumulated depreciation	(11,734		)	(7,109		)
Property and equipment, net	$	26,422		$	20,256

Depreciation expense amounted to $1,958 and $956 for the three months ended September 30, 2014 and 2013, respectively, and $5,373 and $2,569 for the nine months ended September 30, 2014 and 2013, respectively. Depreciation expense is included in cost of revenue and general and administrative expense based on the nature of the asset. In connection with its move to its new headquarters, the Company recorded a loss on disposal of certain fixed assets in the amount of $367 for the nine months ended September 30, 2014. There was no loss on disposal for the three months ended September 30, 2014 and 2013 and for the nine months ended 2013.

- 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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