Property And Equipment

12 Months Ended

Dec. 31, 2013

7. PROPERTY AND EQUIPMENT

Property and equipment consists of the following:


(In millions)	As of December 31,
	2013			2012
Land and land improvements	$	2.3		$	2.3
Building and improvements		14.0			13.4
Data processing equipment and software		25.5			42.4
Office furniture and equipment		4.1			3.6
Leasehold improvements		0.7			0.1
Total property and equipment		46.6			61.8
Less: Accumulated depreciation on property and equipment		(24.3	)		(39.6	)
Total property and equipment, net	$	22.3		$	22.2

Depreciation expense on property and equipment was $5.4 million, $5.1 million, and $4.1 million for the years ended December 31, 2013, 2012 and 2011, respectively.

For the years ended December 31, 2013, 2012 and 2011, we capitalized software developed for internal use of $0.8 million, $4.4 million and $1.8 million, respectively. As of December 31, 2013 and 2012, capitalized software costs, net of accumulated depreciation, totaled $4.0 million and $5.4 million, 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.

+ References+ Details