Property and equipment consist of the following (in thousands):
|
|
|
|
|
As of December 31, |
||||
|
|
|
Depreciable Life |
|
2016 |
|
2015 |
||
|
Leasehold improvements |
|
Shorter of estimated useful life or life of lease |
|
$ |
3,063 |
|
$ |
2,258 |
|
Office furniture, fixtures and equipment |
|
2 - 10 years |
|
|
11,660 |
|
|
12,046 |
|
Equipment under capital leases |
|
Shorter of estimated useful life or life of lease |
|
|
164 |
|
|
1,274 |
|
|
|
|
|
|
14,887 |
|
|
15,578 |
|
Less accumulated depreciation |
|
|
|
|
(12,196) |
|
|
(13,183) |
|
|
|
|
|
$ |
2,691 |
|
$ |
2,395 |