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Property, Equipment and Software, Net
 12 Months Ended
Dec. 31, 2014
Property, Equipment and Software, Net [Abstract]  
Property, Equipment and Software, Net

(6) 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,

 

December 31,

 

    

2014

    

2013

 

 

 

 

 

 

 

Office furniture and equipment

 

$
8,723 

 

$
5,580 

Software

 

 
6,004 

 

 
4,049 

Leasehold improvements

 

 
9,034 

 

 
405 

Total

 

 
23,761 

 

 
10,034 

Less: accumulated depreciation

 

 
(8,091)

 

 
(5,179)

Property, equipment and software, net

 

$
15,670 

 

$
4,855 

 

The Company recorded $0.5 million in leasehold improvements in 2014 as an asset retirement obligation related to the lease of its current corporate headquarters. Depreciation and amortization expense of $3.9 million, $2.3 million and $1.5 million was recorded for the years ended December 31, 2014, 2013 and 2012, respectively. In addition, the Company recorded impairment charges related to long-lived assets of $0.3 million in 2014 primarily due to the relocation of the Company’s corporate headquarters in the third quarter of 2014.