Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.6
Property and Equipment
3 Months Ended
Mar. 31, 2013
Property and Equipment [Abstract]  
Property and Equipment
4. Property and Equipment

Property and equipment consist of the following:

 

                     
        March 31,     December 31,  
    Estimated Useful Life   2013     2012  

Cost:

                   

Office furniture and fixtures

  5-7 years   $ 3,643     $ 3,613  

Computer equipment and software

  3 years     22,673       22,098  

Other office equipment

  5 years     598       598  

Leasehold improvements

  Shorter of the term of the lease
or useful life of the asset
    7,638       7,638  
       

 

 

   

 

 

 
          34,552       33,947  

Less accumulated depreciation and amortization

    (23,279     (22,156
       

 

 

   

 

 

 

Property and equipment, net

      $ 11,273     $ 11,791  
       

 

 

   

 

 

 

Depreciation and amortization expense was as follows:

 

                 
    Three Months Ended
March 31,
 
    2013     2012  

Depreciation and amortization expense

  $ 1,123     $ 1,037