Property and Equipment, Net

6 Months Ended

Jun. 30, 2015

Property Plant And Equipment [Abstract]

Property and Equipment, Net

NOTE 4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consist of the following (in thousands):

	June 30,			December31,
	2015			2014
Software	$	54,131		$	53,349
Office equipment, including data processing equipment		19,797			18,550
Leasehold improvements		9,463			7,092
Furniture, fixtures, and equipment		6,937			6,450
Projects in progress		11,745			6,786
		102,073			92,227
Accumulated depreciation		(65,939	)		(59,929	)
Property and equipment, net	$	36,134		$	32,298

Software and furniture, fixtures, and equipment include amounts for assets under capital leases of $0.2 million and $1.4 million at June 30, 2015 and December 31, 2014, respectively. Accumulated depreciation of these assets was de minimis and $0.9 million at June 30, 2015 and December 31, 2014, respectively. Amortization of assets held under capital leases is included with depreciation expense in the accompanying consolidated statements of operations.

Projects in progress consist primarily of software development costs. The Company capitalizes software development costs intended for internal use. The Company recognized depreciation expense for capitalized internally developed software of $2.1 million and $2.9 million for the six months ended June 30, 2015 and 2014, respectively. Accumulated depreciation for these assets was $31.6 million and $29.4 million at June 30, 2015 and December 31, 2014, respectively.