Property and Equipment

3 Months Ended

Mar. 31, 2014

(7) Property and Equipment

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


	At December 31, 2013			At March 31, 2014
Computer and other related equipment	$	17,794		$	18,550
Purchased and internally developed software		7,672			7,733
Furniture and fixtures		1,319			1,329
Leasehold improvements		1,829			1,834

	$	28,614		$	29,446
Less: accumulated depreciation and amortization		(23,174	)		(24,005	)

Property and equipment, net	$	5,440		$	5,441

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 months ended March 31, 2013 and 2014.

Depreciation and amortization expense, related to property and equipment was approximately $844,000 and $865,000 for the three months ended March 31, 2013 and 2014, 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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