Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
 3 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

2.    Property and Equipment

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

 

     March 31,
2015 		     December 31,
2014 		 

Computer software and hardware equipment

    $ 8,669       $ 8,769   

Furniture, fixtures, and equipment

      14,808         14,684   

Less: accumulated depreciation and amortization

      (15,439 )       (15,760 ) 
  

 

 

     

 

 

  
$ 8,038    $ 7,693   
  

 

 

     

 

 

  

During the three months ended March 31, 2015, the Company wrote off approximately $1.1 million of fully depreciated computer software and hardware and furniture fixtures, and equipment no longer in use.

Depreciation and amortization expense on property and equipment was $780,000 and $775,000 for the three months ended March 31, 2015 and 2014, respectively.

 

As of December 31, 2014, the Company did not have any remaining capital lease obligations.

Payments for certain improvements to the Company’s leased office space are recorded as prepaid rent. Amortization of prepaid rent is recorded using the straight-line method over the shorter of the estimated economic life or lease term as a charge to rent expense.