ININ » Topics » 3. PROPERTY AND EQUIPMENT

This excerpt taken from the ININ 10-K filed Mar 28, 2005.

3.   PROPERTY AND EQUIPMENT

Property and equipment are summarized as follows at December 31 (in thousands):

 

 

December 31,

 

 

 

2004

 

2003

 

Computer equipment

 

$

16,132

 

$

15,261

 

Furniture and fixtures

 

2,054

 

2,033

 

Office equipment

 

406

 

401

 

Leasehold improvements

 

2,284

 

2,359

 

Software

 

3,554

 

3,143

 

Trade show equipment

 

278

 

277

 

Total cost

 

24,708

 

23,474

 

Less accumulated depreciation

 

20,637

 

17,617

 

Property and equipment, net

 

$

4,071

 

$

5,857

 

 

Property and equipment is depreciated over useful lives of 3 to 5 years, except for leasehold improvements, which are depreciated over the lesser of the term of the related lease or the estimated useful life, which vary from 5 to 15 years.

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