Property, Equipment and Leasehold Improvements

6 Months Ended

Jun. 30, 2014

Property Plant And Equipment [Abstract]

Property, Equipment and Leasehold Improvements

6. PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Property, equipment and leasehold improvements at June 30, 2014 and December 31, 2013 consisted of the following:


		As of
Type	Estimated Useful Lives	June 30, 2014⁽¹⁾			December 31, 2013
		(in thousands)

Computer & related equipment	3 to 5 years	$	97,858		$	86,384
Furniture & fixtures	7 years		9,377			9,108
Leasehold improvements	3 to 21 years		52,678			52,776
Work-in-process	—		27,169			12,691

Subtotal			187,082			160,959
Accumulated depreciation and amortization			(92,279	)		(75,371	)

Property, equipment and leasehold improvements, net		$	94,803		$	85,588

⁽¹⁾	Property, equipment and leasehold improvements as of June 30, 2014 reflects the disposal of the property, equipment and leasehold improvements associated with the sale of ISS. See Note 3, “Dispositions and Discontinued Operations,” for additional information.

Depreciation and amortization expense of property, equipment and leasehold improvements was $5.9 million and $4.8 million for the three months ended June 30, 2014 and 2013, respectively. Depreciation and amortization expense of property, equipment and leasehold improvements was $11.7 million and $9.4 million for the six months ended June 30, 2014 and 2013, 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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