Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

The components of property and equipment are:



	December 31,
	2014			2013
	(in thousands)
Land and land improvements	$	3,107		$	2,490
Facilities in progress and software under development	10,408			6,435
Computer equipment and software	99,306			83,089
Buildings and leasehold improvements	37,013			38,403
Furniture, fixtures and equipment	15,326			16,371
Assets under capital lease	4,827			3,468
	169,987			150,256
Less: Accumulated depreciation and amortization	(92,678		)	(82,404		)
Property and equipment, at cost, net	$	77,309		$	67,852

As facilities in progress and software development are completed and placed in service, they are transferred to appropriate property and equipment categories and depreciation begins. Interest capitalized as a cost of property and equipment totaled $0.4 million for the year ended December 31, 2014.

Unamortized capitalized software development costs at December 31, 2014 and 2013 totaled $25.2 million and $15.9 million, respectively. Amortization of software development costs for the years ended December 31, 2014, 2013 and 2012 totaled $6.3 million, $3.8 million and $3.3 million, respectively.

Depreciation has been computed for financial reporting purposes using the straight-line method. A summary of the ranges of estimated useful lives upon which depreciation rates are based follows:



Computer equipment and software	2-5 years
Buildings and leasehold improvements	5-40 years
Furniture, fixtures and equipment	3-15 years
Assets under capital leases	3 - 8 years

Depreciation expense, excluding amounts attributable to marketing and reservation activities, for the years ended December 31, 2014, 2013 and 2012 was $3.1 million, $3.2 million and $2.4 million, respectively. Accumulated amortization of capital leases, included in accumulated depreciation and amortization above, at December 31, 2014 and 2013 totaled $2.0 million and $1.4 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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