Property and Equipment, Net (Notes)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

All of the Company's property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets. The estimated useful lives of the assets are leasehold improvements, lesser of 5 years or remaining lease term, furniture and fixtures, 5 years, office and computer equipment, 3 to 5 years, and software, 3 years.

Maintenance and repairs are charged to expense. Major renewals and improvements are capitalized. Gains and losses on dispositions are credited or charged to earnings as incurred. Depreciation and amortization expense relating to property and equipment was $1.6 million and $0.9 million for the years ended December 31, 2014 and 2013, respectively.

The following table shows the Company's property and equipment, net as of December 31, 2014 and 2013 (dollars in thousands):

	December 31, 2014			December 31, 2013
Furniture, fixtures and office equipment	$	756		$	509
Hardware and computer equipment	3,388			2,382
Software	4,384			2,309
Leasehold improvements	905			727
Total Cost	9,433			5,927
Less: Accumulated depreciation and amortization	(3,801		)	(2,331		)
Property and equipment, net	$	5,632		$	3,596

The hardware and computer equipment amount above includes gross assets under capital leases of $0.9 million and $0.7 million as of December 31, 2014 and 2013, respectively. As of December 31, 2014 and 2013, respectively, accumulated depreciation and amortization of these assets totaled approximately $0.6 million and $0.3 million.