Property and Equipment

3 Months Ended

Mar. 31, 2014

4. Property and Equipment

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

	December 31, 2013			March 31, 2014
Internally-developed software	$	5,516		$	6,008
Computer hardware	2,082			2,219
Furniture and office equipment	774			1,015
Leasehold improvements	1,494			1,655
Total	9,866			10,897
Accumulated depreciation	(4,635		)	(5,235		)
Property and equipment, net	$	5,231		$	5,662

Depreciation expense for the three months ended March 31, 2013 and March 31, 2014 was $0.4 million and $0.6 million, 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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