Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
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, 2015 and 2014:
 
 
December 31,
 
 
2015
 
2014
 
 
(in thousands)
Leasehold improvements
 
$
26,138

 
$
22,943

Data processing and communications equipment
 
67,871

 
59,390

Furniture, fixtures, and other equipment
 
18,253

 
16,254

Software
 
68,972

 
51,915

 
 
181,234

 
150,502

Less: Accumulated depreciation and amortization
 
(99,036
)
 
(77,886
)
Property, equipment, and software, net
 
$
82,198

 
$
72,616

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 - 10 years
Customer relationships
1 - 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, 2015 and 2014:
 
 
December 31,
 
 
2015
 
2014
 
 
(in thousands)
Accrued compensation, payroll taxes, and benefits
 
$
12,492

 
$
8,517

Self-insured medical plans
 
1,831

 
1,800

Current portion of liabilities related to acquisitions
 
6,502

 
3,905

Other current liabilities
 
7,469

 
8,683

Total accrued expenses and other current liabilities
 
$
28,294

 
$
22,905

Other Long-Term Liabilities
Other long-term liabilities consisted of the following at December 31, 2015 and 2014:
 
 
December 31,
 
 
2015
 
2014
 
 
(in thousands)
Accrued lease liability
 
$
27,869

 
$
3,670

Other long-term liabilities
 
6,554

 
10,232

Total other long-term liabilities
 
$
34,423

 
$
13,902