Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.3.0.814
Property and Equipment
9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
2. Property and Equipment

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

 

     September 30,
2015
     December 31,
2014
 

Computer software and hardware equipment

   $ 10,104       $ 8,769   

Furniture, fixtures, and equipment

     15,257         14,684   

Less: accumulated depreciation and amortization

     (15,636      (15,760
  

 

 

    

 

 

 
   $ 9,725       $ 7,693   
  

 

 

    

 

 

 

During the nine months ended September 30, 2015, the Company wrote off approximately $2.6 million of fully depreciated computer software and hardware and furniture fixtures, and equipment no longer in use.

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.