RealPage, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Estimated Useful Lives of Property, Equipment and Software

Property, equipment, and software are recorded at cost less accumulated depreciation and amortization, which are computed using the straight-line method over the following estimated useful lives:



Data processing and communications equipment	3 - 5 years
Furniture, fixtures, and other equipment	3 - 5 years
Software	3 - 5 years

Property, equipment, and software consisted of the following at December 31, 2016 and 2015:



	December 31,
	2016			2015
	(in thousands)
Leasehold improvements	$	51,242		$	26,138
Data processing and communications equipment	76,773			67,871
Furniture, fixtures, and other equipment	26,513			18,253
Software	86,983			68,972
Property, equipment, and software, gross	241,511			181,234
Less: Accumulated depreciation and amortization	(111,083		)	(99,036		)
Property, equipment, and software, net	$	130,428		$	82,198

Estimated Useful Lives for Finite-lived Intangible Assets

Estimated useful lives for identified intangible assets with finite lives consist of the following:



Developed technologies	3 - 5 years
Client relationships	3 - 10 years
Vendor relationships	7 years
Trade names	1 - 7 years

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following at December 31, 2016 and 2015:



	December 31,
	2016		2015
	(in thousands)
Accrued compensation, payroll taxes, and benefits	$	19,387	$	12,492
Self-insured medical plans	1,774		1,831
Current portion of liabilities related to acquisitions	13,084		6,502
Other current liabilities	16,219		7,469
Total accrued expenses and other current liabilities	$	50,464	$	28,294

Other Long-Term Liabilities

Other long-term liabilities consisted of the following at December 31, 2016 and 2015:



	December 31,
	2016		2015
	(in thousands)
Accrued lease liability	$	28,086	$	27,869
Other long-term liabilities	1,757		6,554
Total other long-term liabilities	$	29,843	$	34,423