Property and Equipment, Net

9 Months Ended

Sep. 30, 2012

Note 5—Property and Equipment, Net

Property and equipment, net at September 30, 2012 and December 31, 2011 is summarized below:


	September 30, 2012			December 31, 2011
	(In thousands)
Office equipment	$	3,070		$	3,044
Office equipment—capital leases		231			332
Leasehold improvements		2,687			1,546
Construction in progress		186			—


		6,174			4,922
Accumulated depreciation and amortization		(4,119	)		(4,089	)


Total	$	2,055		$	833

Depreciation and amortization expense was approximately $0.1 million for each of the three-month periods ended September 30, 2012 and 2011, respectively, and approximately $0.3 million for each of the nine-month periods ended September 30, 2012 and 2011, respectively.

- 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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