Property And Equipment

3 Months Ended

Mar. 31, 2012

4. Property and Equipment

Property and equipment consist of the following (in thousands):


	March 31, 2012			December 31, 2011
	(unaudited)
Computer equipment	$	266,686		$	243,986
Software		26,693			25,119
Furniture and fixtures		11,909			9,474
Leasehold improvements		71,299			67,456

		376,587			346,035
Less accumulated depreciation		(121,336	)		(99,295	)

Total property and equipment, net	$	255,251		$	246,740

In April 2012, we purchased our corporate headquarters building in San Francisco, California for $233.7 million. Pursuant to the agreement, we agreed to acquire (i) the building located at 650 Townsend Street, San Francisco, California consisting of approximately 670,000 square feet of space, (ii) fee title to the real property where the building is located, (iii) property located in the building which was owned by the seller and used to operate and maintain the building and (iv) leases and other intangible property related to the building and real property. At March 31, 2012, we deposited $229 million in escrow, which is classified as short-term restricted cash as of March 31, 2012. The purchase will be accounted for as a business combination pursuant to (ASC) 805, Business Combinations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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