Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

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



	Estimated useful lives (years)	December 31, 2014			December 31, 2013
Information technology	2 – 5	$	25,588		$	22,529
Leasehold improvements	2 – 5	4,568			4,568
Furniture and fixtures	2 – 5	998			998
Total		31,154			28,095
Accumulated depreciation		(26,933		)	(23,278		)
Property and equipment—net		$	4,221		$	4,817

Information technology assets include software and consultant time used in the application, development and implementation of various systems including customer billing and resource management systems. As of December 31, 2014 and 2013, information technology includes $0.4 million and $1.3 million, respectively, of costs associated with assets not yet placed into service.

Depreciation expense recorded in the combined and consolidated statements of operations was $3.7 million, $6.1 million and $6.4 million for the years ended December 31, 2014, 2013 and 2012, 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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