Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.6.0.2
Property and Equipment, Net
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Note C – Property and Equipment, Net

Property and equipment consisted of the following at December 31, 2016 and 2015 (in thousands):

 

 

 

2016

 

 

2015

 

 

Estimated Useful

Lives in Years

 

Equipment

 

$

29,220

 

 

$

34,040

 

 

3-7

 

Leasehold improvements

 

 

10,550

 

 

 

9,349

 

 

2-5

 

Furniture and fixtures

 

 

4,315

 

 

 

4,398

 

 

 

7

 

Computer hardware and office equipment

 

 

8,268

 

 

 

5,175

 

 

 

3

 

Computer software

 

 

5,346

 

 

 

7,717

 

 

2-3

 

Assets not yet placed in service

 

 

3,439

 

 

 

432

 

 

 

 

Subtotal

 

 

61,138

 

 

 

61,111

 

 

 

 

 

Less accumulated depreciation and amortization

 

 

(27,102

)

 

 

(26,534

)

 

 

 

 

Property and equipment, net

 

$

34,036

 

 

$

34,577

 

 

 

 

 

 

Depreciation and amortization expense on property and equipment, including leased assets in each period was as follows (in thousands): 

 

 

 

For the years ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Depreciation and amortization expense

 

$

15,937

 

 

$

6,730

 

 

$

5,345

 

 

In our consolidated statements of operations, we recorded approximately $11,751, $4,238 and $3,516 of depreciation and amortization in cost of revenue for the years ended December 31, 2016, 2015 and 2014, respectively, and we recorded $4,186, $2,492 and $1,829 of depreciation and amortization in general and administrative expenses for the years ended December 31, 2016, 2015 and 2014, respectively.

Property and equipment under capital leases, included above, consists of the following at December 31, 2016 and 2015 (in thousands):

 

 

 

2016

 

 

2015

 

Equipment

 

$

13,109

 

 

$

13,655

 

Furniture and fixtures

 

 

1,081

 

 

 

1,250

 

Computer hardware

 

 

5,178

 

 

 

2,846

 

Computer software

 

 

514

 

 

 

651

 

Leasehold improvements

 

 

69

 

 

 

99

 

Subtotal

 

 

19,951

 

 

 

18,501

 

Less accumulated depreciation and amortization

 

 

(9,481

)

 

 

(9,047

)

Property and equipment under capital leases, net

 

$

10,470

 

 

$

9,454