Property and Equipment

9 Months Ended

Sep. 30, 2013

(7) Property and Equipment

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


	At December 31, 2012			At September 30, 2013
Computer and other related equipment	$	15,842		$	17,947
Purchased and internally developed software		7,452			7,672
Furniture and fixtures		1,242			1,313
Leasehold improvements		1,809			1,831

	$	26,345		$	28,763
Less: accumulated depreciation and amortization		(20,340	)		(22,796	)

Property and equipment, net	$	6,005		$	5,967

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 has not capitalized any internally developed costs for the three and nine months ended September 30, 2012 and 2013.

Depreciation and amortization expense, related to property and equipment was approximately $823,000 and $868,000 for the three months ended September 30, 2012 and 2013, respectively, and was $2.3 million and $2.6 million for the nine months ended September 30, 2012 and 2013, respectively.

- 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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