|
5. Property and equipment
Property and equipment consisted of the following:
|
|
|
September 30,
2011 |
|
December 31,
2010 |
|
|
|
|
(in thousands) |
|
|
Leasehold improvements |
|
$ |
57,189 |
|
$ |
45,187 |
|
|
Construction in progress |
|
6,952 |
|
9,098 |
|
|
Computer equipment |
|
6,077 |
|
5,112 |
|
|
Software |
|
5,463 |
|
4,303 |
|
|
Office equipment |
|
391 |
|
289 |
|
|
Total property and equipment |
|
76,072 |
|
63,989 |
|
|
Less: accumulated depreciation and amortization |
|
(36,859 |
) |
(27,965 |
) |
|
Total property and equipment, net |
|
$ |
39,213 |
|
$ |
36,024 |
|
We had $489,000 of internally developed software costs, less $28,000 of accumulated amortization at September 30, 2011 and none at December 31, 2010. Amortization expense was $3,000 for the three months ended September 30, 2011.
Depreciation and amortization expense is allocated as follows on the accompanying unaudited condensed consolidated statements of operations:
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Network access |
|
$ |
2,637 |
|
$ |
1,103 |
|
$ |
6,295 |
|
$ |
3,309 |
|
|
Network operations |
|
664 |
|
395 |
|
1,842 |
|
1,044 |
|
|
Development and technology |
|
234 |
|
242 |
|
674 |
|
786 |
|
|
General and administrative |
|
20 |
|
93 |
|
83 |
|
262 |
|
|
Total depreciation and amortization of property and equipment |
|
$ |
3,555 |
|
$ |
1,833 |
|
$ |
8,894 |
|
$ |
5,401 |
| |