| Property and Equipment |
4. Property and Equipment
Property and equipment consists of the following:
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At December 31,
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2016
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2015
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Cost:
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Computer equipment and software
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3 years
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$
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52,921
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$
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44,470
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Office furniture and fixtures
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3-7 years
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6,911
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5,785
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Leasehold improvements
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Shorter of the lease term or useful life of the asset
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17,286
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15,123
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Other office equipment
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3-5 years
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1,367
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683
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78,485
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66,061
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Less accumulated depreciation and amortization
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(45,485)
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(37,380)
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Property and equipment, net
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$
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33,000
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$
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28,681
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During 2016, the Company retired property and equipment that were no longer in service in the amount of $8,123 and recognized a loss of $398. During 2015, the Company retired fully depreciated property and equipment that were no longer in service in the amount of $5,944. The following table presents the cost amounts and related accumulated depreciation written off by category:
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Year Ended December 31, 2016
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Year Ended December 31, 2015
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Accumulated
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Accumulated
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Cost
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Depreciation
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Cost
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Depreciation
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Computer equipment and software
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$
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6,593
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$
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(6,498)
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$
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5,749
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$
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(5,749)
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Office furniture and fixtures
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225
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(206)
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106
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(106)
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Other office equipment
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1,175
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(916)
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68
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(68)
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Leasehold improvements
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130
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(105)
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21
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(21)
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Total property and equipment retirements
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$
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8,123
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$
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(7,725)
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$
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5,944
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$
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(5,944)
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During 2016, the Company recorded an increase in the cost of acquired Yodlee property and equipment related to a purchase accounting fair market value adjustment in the amount of $3,922.
Depreciation and amortization expense was as follows:
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Year Ended December 31,
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2016
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2015
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2014
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Depreciation and amortization expense
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$
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14,838
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$
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7,668
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$
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5,910
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