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Property and Equipment
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment
6. Property and Equipment
Property and equipment consist of the following amounts as of (in thousands):

Estimated useful
lives (years)
 
March 31, 2017
 
December 31, 2016
Information technology
2 – 5
 
$
29,863

 
$
29,675

Leasehold improvements
2 – 5
 
4,568

 
4,568

Furniture and fixtures
2 – 5
 
1,024

 
1,024

Total

 
35,455

 
35,267

Accumulated depreciation

 
(31,066
)
 
(30,561
)
Property and equipment—net

 
$
4,389

 
$
4,706


Information technology assets include software and consultant time used in the application, development and implementation of various systems including customer billing and resource management systems. As of March 31, 2017 and December 31, 2016, information technology includes $1.2 million and $1.1 million, respectively, of costs associated with assets not yet placed into service.
Depreciation expense recorded in the condensed consolidated statements of operations was $0.5 million and $0.4 million for the three months ended March 31, 2017 and 2016, respectively.