Property And Equipment

12 Months Ended

Dec. 31, 2011

(2) Property and Equipment

Property and equipment consisted of the following (in thousands):


	Years ended December 31,
	2010 ⁽¹⁾			2011 ⁽¹⁾
Computer and other related equipment	$	10,710		$	13,671
Purchased and internally developed software		6,203			6,667
Furniture and fixtures		1,129			1,229
Leasehold improvements		1,665			1,805

	$	19,707		$	23,372
Less: accumulated depreciation and amortization		(14,997	)		(17,185	)

Property and equipment, net	$	4,710		$	6,187

(1)	Includes the original cost and accumulated depreciation of fully-depreciated fixed assets which were $10.8 million and $13.3 million at December 31, 2010 and 2011, respectively.

The Company has capitalized certain costs of internally developed software for internal use. The estimated useful life of costs capitalized is evaluated for each specific project. Amortization begins in the period in which the software is ready for its intended use. The Company had no internally developed software costs that had not commenced amortization as of December 31, 2010 and 2011, respectively.

Depreciation and amortization expense incurred by the Company was approximately $3.6 million, $3.0 million and $2.8 million for the years ended December 31, 2009, 2010 and 2011, respectively.

- Definition

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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