Property, Equipment and Software, Net

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

(5) Property, Equipment and Software, Net

The following is a summary of property, equipment and software at cost, less accumulated depreciation and amortization (in thousands):


	December 31, 2012			June 30, 2013
				(unaudited)
Office furniture and equipment	$	3,517		$	3,858
Software		2,932			3,441
Leasehold improvements		365			371

		6,814			7,670
Less: accumulated depreciation		(2,930	)		(3,883	)

	$	3,884		$	3,787

(5) Property, Equipment and Software, Net

The following is a summary of property, equipment and software at cost, less accumulated depreciation and amortization (in thousands):


	December 31,
	2011			2012
Office furniture and equipment	$	1,795		$	3,517
Software		1,939			2,932
Leasehold improvements		161			365

		3,895			6,814
Less: accumulated depreciation		(1,710	)		(2,930	)

	$	2,185		$	3,884

Depreciation and amortization expense of $276,000, $548,000 and $1,495,000 was recorded for the years ended December 31, 2010, 2011 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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