Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

Note 5—Property and Equipment, Net

At December 31, 2012 and 2011, the Company’s property and equipment, net of accumulated depreciation and amortization was as follows:


	December 31,
	2012			2011
	(In thousands)
Office equipment	$	3,071		$	3,044
Office equipment—capital leases		231			332
Leasehold improvements		3,015			1,546

		6,317			4,922
Accumulated depreciation and amortization		(4,267	)		(4,089	)

Total	$	2,050		$	833

Depreciation and amortization expense was $0.4 million for each of the years ended December 31, 2012, 2011 and 2010, 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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