Vonage 2015 Annual Report Download - page 75

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VONAGE HOLDINGS CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
F-15 VONAGE ANNUAL REPORT 2015
Property and equipment, net
December 31,
2015 December 31,
2014
Building (under capital lease) $ 25,709 $25,709
Network equipment and computer hardware 89,025 73,599
Leasehold improvements 48,872 48,574
Customer premise equipment 7,292 3,220
Furniture 2,508 1,914
Vehicles 214 195
173,620 153,211
Less: accumulated depreciation and amortization (124,137)(103,581)
Property and equipment, net $ 49,483 $49,630
Customer premise equipment, net
December 31,
2015 December 31,
2014
Customer premise equipment $ 7,292 $3,220
Less: accumulated depreciation (2,068)(74)
Customer premise equipment, net $ 5,224 $3,146
Software, net
December 31,
2015 December 31,
2014
Purchased $ 67,248 $55,636
Licensed 909 909
Internally developed 36,088 36,088
104,245 92,633
Less: accumulated amortization (83,535) (74,009)
Software, net $ 20,710 $18,624
The total expected future annual amortization of software is as follows:
2016 $ 9,552
2017 6,773
2018 3,629
2019 756
Total $ 20,710
Debt related costs, net
December 31,
2015 December 31,
2014
Debt related costs related to Revolving Credit Facility $ 5,044 $3,640
Less: accumulated amortization (2,991)(2,457)
Debt related costs, net $ 2,053 $1,183
Restricted cash
December 31,
2015 December 31,
2014
Letter of credit-lease deposits $ 2,498 $3,311
Cash reserves 89 94
Restricted cash $ 2,587 $3,405