v3.3.1.900
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property and Equipment  
Property and Equipment

4. Property and Equipment

        Property and equipment consisted of the following as of:

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

Internally-developed software

 

$

8,564

 

$

6,069

 

Internally-developed software in process

 

 

1,640

 

 

1,751

 

Computer hardware

 

 

2,911

 

 

3,016

 

Furniture and office equipment

 

 

1,666

 

 

1,104

 

Leasehold improvements

 

 

1,837

 

 

1,801

 

​  

​  

​  

​  

Total

 

 

16,618

 

 

13,741

 

Accumulated depreciation and amortization

 

 

(8,490

)

 

(6,986

)

​  

​  

​  

​  

Property and equipment, net

 

$

8,128

 

$

6,755

 

​  

​  

​  

​  

​  

​  

​  

​  

        Amortization expense related to the capitalized internally-developed software was $1.6 million, $1.4 million and $1.5 million for the years ended December 31, 2015, 2014 and 2013, respectively, and is included in technology and content development costs in the accompanying consolidated statements of operations. The net book value of capitalized internally-developed software was $4.5 million and $3.3 million at December 31, 2015 and 2014, respectively. Depreciation and amortization expense of property and equipment (inclusive of amortization expense related to the capitalized internally-developed software) was $2.7 million, $2.4 million and $2.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.

        As of December 31, 2015, the estimated future depreciation and amortization expense for property and equipment is as follows (in thousands):

                                                                                                                                                                                    

2016

 

$

2,907 

 

2017

 

 

1,968 

 

2018

 

 

1,044 

 

2019

 

 

402 

 

2020

 

 

152 

 

Thereafter

 

 

15 

 

​  

​  

Total

 

$

6,488 

 

​  

​  

​  

​