Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.7.0.1
Property and Equipment, Net
6 Months Ended
Jun. 30, 2017
Property and Equipment, Net  
Property and Equipment, Net

5.     Property and Equipment, Net

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

    

December 31,

 

    

Estimated Useful Life

    

2017

    

2016

Cost:

 

 

 

 

 

 

 

 

Computer equipment and software

 

3 years

 

$

58,442

 

$

52,921

Leasehold improvements

 

Shorter of the lease term or useful life of the asset

 

 

20,524

 

 

17,286

Office furniture and fixtures

 

3-7 years

 

 

7,710

 

 

6,911

Other office equipment

 

3-5 years

 

 

1,764

 

 

1,367

 

 

 

 

 

88,440

 

 

78,485

Less: accumulated depreciation and amortization

 

 

 

 

(53,653)

 

 

(45,485)

Property and equipment, net

 

 

 

$

34,787

 

$

33,000

 

Depreciation and amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2017

    

2016

 

2017

    

2016

Depreciation and amortization expense

 

$

3,853

 

$

4,048

 

$

7,944

 

$

7,407