Property and Equipment, Net

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Property and equipment, which includes assets under capital lease, consists of the following:



	September 30,			December 31,
	2013			2012
	(in thousands)
Computer equipment	$	25,613		$	18,798
Computer software	9,139			6,327
Furniture, fixtures and equipment	1,758			1,545
Scanner appliances	16,646			16,470
Leasehold improvements	1,876			1,672
Total property and equipment	55,032			44,812
Less: accumulated depreciation and amortization	(32,539		)	(26,664		)
Property and equipment, net	$	22,493		$	18,148

Assets held under capital lease included in computer software at September 30, 2013 and December 31, 2012 totaled approximately $3.8 million. The related accumulated depreciation at September 30, 2013 and December 31, 2012 totaled $1.7 million and $1.2 million, respectively. The capital lease obligations are secured by the related software.

Physical scanner appliances and other computer equipment that are or will be subject to subscriptions by customers have a net carrying value of $4.9 million and $5.5 million at September 30, 2013 and December 31, 2012, respectively, including assets that have not been placed in service of $1.0 million and $1.5 million, respectively. Other fixed assets not placed in service, included in computer equipment and leasehold improvements, relate to new information technology systems and tenant improvements and totaled approximately $1.7 million at September 30, 2013 and December 31, 2012. Depreciation and amortization expense relating to property and equipment, including capitalized leases, was $2.4 million and $1.7 million for three months ended September 30, 2013 and 2012, respectively and $6.7 million and $5.1 million for the nine months ended September 30, 2013 and 2012, 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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