Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

Property and Equipment, Net
12 Months Ended
Dec. 31, 2013
Property Plant And Equipment [Abstract]  
Property and Equipment, Net
3. Property and Equipment, Net

Property and equipment, net consist of the following (in thousands):


     December 31,  
     2013     2012  

Computer software and hardware equipment

   $ 8,442      $ 6,211   

Furniture, fixtures, and equipment

     19,530        18,394   

Less accumulated depreciation and amortization

     (19,412     (17,917






   $ 8,560      $ 6,688   







Depreciation and amortization expense on property and equipment was $3.0 million for each of the years ended December 31, 2013, 2012 and 2011.

Net book value of capital leases recorded in furniture, fixtures and equipment was not material as of December 31, 2013. Furniture, fixtures and equipment with a net book value of $0.2 million is recorded under capital leases as of December 31, 2012. The related depreciation of these assets is included in depreciation and amortization expense.