Property and Equipment, net

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

4.	Property and Equipment, net

The components of the Company’s property and equipment are as follows:


	September 30, 2014			December 31, 2013
Leasehold improvements	$	43,552		$	44,242
Office furniture, fixtures and equipment		18,554			24,301
Computer equipment and software		29,854			38,039

Property and equipment, gross		91,960			106,582
Accumulated depreciation		(61,890	)		(71,621	)

Property and equipment, net	$	30,070		$	34,961

Depreciation expense was $2.3 million and $2.6 million for the three months ended September 30, 2014 and 2013, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 was $7.2 million and $7.7 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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