Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.0.6
Property and Equipment
 12 Months Ended
Dec. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Property and Equipment

Property and equipment consisted of the following as of December 31, 2012 and 2011:
 
December 31,
 
2012
 
2011
Furniture and fixtures
$
3,613

 
$
3,587

Office equipment
1,282

 
1,278

Computer equipment
6,760

 
5,630

Computer software
11,138

 
11,197

Leasehold improvements
7,128

 
7,116

 
29,921

 
28,808

Less accumulated depreciation
(27,525
)
 
(26,324
)
 
$
2,396

 
$
2,484



Depreciation expense was approximately $1.1 million and $1.8 million for the years ended December 31, 2012 and 2011, respectively.  Included in depreciation expense is amortization expense for capitalized computer software costs of approximately $0.3 million and $0.4 million for the years ended December 31, 2012 and 2011, respectively.  As of December 31, 2012 and 2011, the unamortized balance of capitalized computer software was $0.4 million and $0.7 million, respectively.
 
During the year ended December 31, 2012, the Company recorded a non-cash charge of less than $0.1 million for furniture and leasehold improvements related to the downsizing of the Group DCA facility in Parsippany, NJ. During the year ended December 31, 2011, the Company recorded a non-cash charge of less than $0.1 million for furniture and leasehold improvements in discontinued operations related to the Schaumburg, Illinois facility.