Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Table Text Block]




Asset	Depreciable Lives	Principal Method
Telephone and computer equipment	3-5 years	Straight-line
Computer software	3-5 years	Straight-line
Furniture and fixtures	3-8 years	Straight-line
Leasehold improvements	1-11 years	Straight-line
Capitalized lease asset	5 years	Straight-line

As of December 31, 2012 and 2011, fixed assets consisted of the following:



	As of December 31,
	2012			2011
	(dollars in thousands)
Telephone and computer equipment	$	13,215		$	12,828
Computer software	5,928			5,419
Furniture and fixtures	6,265			5,997
Leasehold improvements	30,412			30,264
Assets acquired under capital leases—equipment	6,337			6,337
Other	48			49
	62,205			60,894
Less: Accumulated depreciation and amortization	(30,003		)	(23,852		)
	$	32,202		$	37,042

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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