Property And Equipment

5.	Property and Equipment

Property and equipment, including equipment under capital lease obligations, consists of the following:


	December 31,
	2011			2010
	(In thousands)
Computer equipment	$	31,058		$	26,034
Computer software		9,547			9,564
Office equipment and furniture		3,710			3,611
Automobiles		1,451			1,210
Leasehold improvements		10,619			9,940

		56,385			50,359
Less: accumulated depreciation and amortization		(28,113	)		(21,722	)

	$	28,272		$	28,637

During the years ended December 31, 2011 and 2010, the Company capitalized $0.3 million and $0.4 million, respectively, of leasehold improvements, furniture and fixtures and office equipment associated with landlord allowances received in connection with its Reston and Toronto office leases (see Note 8).

Property, equipment and automobiles financed through capital lease obligations totaled $13.3 million for hardware, $4.2 million for software and $1.4 million for automobiles at December 31, 2011. Property, equipment and automobiles financed through capital lease obligations totaled $8.3 million for hardware, $3.9 million for software and $1.2 million for automobiles at December 31, 2010. At December 31, 2011 and 2010, accumulated depreciation related to property and equipment financed through capital leases totaled $7.2 million and $1.8 million, respectively. The capital lease associated with $3.1 million of assets expired and ownership transferred to the Company during the fourth quarter of 2009.

For the years ended December 31, 2011, 2010 and 2009, total depreciation expense was $12.2 million, $8.4 million and $6.5 million, 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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