Property and Equipment

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

7. Property and Equipment

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

	Estimated useful lives (years)	June 30, 2018			December 31, 2017
Information technology	2 – 5	$	35,143		$	34,103
Leasehold improvements	2 – 5	4,568			4,568
Furniture and fixtures	2 – 5	1,964			1,964
Building improvements	2 – 5	809			809
Total		42,484			41,444
Accumulated depreciation		(35,294		)	(33,169		)
Property and equipment—net		$	7,190		$	8,275

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 June 30, 2018 and December 31, 2017, information technology includes $0.8 million and $1.2 million, respectively, of costs associated with assets not yet placed into service.

Depreciation expense recorded in the condensed consolidated statements of operations was $0.9 million and $0.5 million for the three months ended June 30, 2018 and 2017, respectively, and $2.1 million and $1.0 million for the six months ended June 30, 2018 and 2017, respectively.