Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment are recorded at cost and consist of the following:

	As of March 31, 2017			As of December 31, 2016
	(in thousands)
Computer equipment and software	$	13,268		$	12,844
Furniture and fixtures	3,287			3,131
Leasehold improvements	8,557			8,077
Total	25,112			24,052
Less accumulated depreciation	(17,102		)	(15,964		)
Property and equipment, net	$	8,010		$	8,088

Depreciation expense was $1.1 million for the three months ended March 31, 2017 and 2016.