NOTE 8 Computer Software, net NOTE 6 Prepaid Expenses and Other Current Assets Computer software at December 31 is summarized as follows: Significant components of prepaid expenses and other current assets at December 31 are summarized as follows: Property and equipment balances at December 31 are as follows: TSYS acquired 51 percent ownership in TMS in April 2010. The Company allocated approximately $20.3 million to acquisition technology intangibles. Refer to Note 24 for more information on TMS. TSYS acquired Infonox on the Web (Infonox) in November 2008. The Company has allocated approximately $14.5 million to acqui- sition technology intangibles. Refer to Note 24 for more infor- mation on Infonox. Amortization expense related to licensed computer software costs was $33.4 million, $31.4 million and $38.4 million for the years ended December 31, 2010, 2009 and 2008, respectively. Amortization expense includes amounts for computer software acquired under capital lease. Amortization of software develop- ment costs was $23.1 million, $20.0 million and $19.8 million for the years ended December 31, 2010, 2009 and 2008, respectively. Amortization expense related to acquisition technology intangi- bles was $9.9 million for 2010, $6.9 million for 2009 and $5.9 million for 2008. The weighted average useful life for each component of computer software, and in total, at December 31, 2010, is as follows: Depreciation and amortization expense related to property and equipment was $50.1 million, $50.6 million and $47.8 million for the years ended December 31, 2010, 2009 and 2008, respectively. Depreciation expense includes amounts for equipment acquired under capital lease. The increase in depreciation expense for 2009 as compared to 2008 is primarily due to the Company’s infra- structure requirements in order to support the Company’s South America client base. This includes equipment not yet placed in service as well as building improvements. At December 31, 2010 Weighted Average Amortization Period (Yrs) Licensed computer software . . . . . . . . . . . . . . . 6.9 Software development costs . . . . . . . . . . . . . . . 6.1 Acquisition technology intangibles . . . . . . . . . . . 6.9 Total ................................ 6.6 41 NOTE 7 Property and Equipment, net (in thousands) 2010 2009 Computer and other equipment . . . . . . $230,773 229,522 Buildings and improvements. . . . . . . . . 227,881 224,973 Furniture and other equipment . . . . . . . 125,627 112,538 Land.......................... 16,729 16,882 Other......................... 16,461 12,926 Total property and equipment . . . . . . . 617,471 596,841 Less accumulated depreciation and amortization . . . . . . . . . . . . . . . . . . . 317,369 307,772 Property and equipment, net . . . . . . . . $300,102 289,069 (in thousands) 2010 2009 Licensed computer software . . . . . . . . . $403,115 381,657 Software development costs . . . . . . . . . 265,029 240,541 Acquisition technology intangibles . . . . 75,891 55,975 Total computer software . . . . . . . . . . . . 744,035 678,173 Less accumulated amortization: Licensed computer software . . . . . . . 275,145 290,872 Software development costs . . . . . . . 183,853 161,579 Acquisition technology intangibles. . . 38,613 28,958 Total accumulated amortization. . . . . . . 497,611 481,409 Computer software, net . . . . . . . . . . . . $246,424 196,764 (in thousands) 2010 2009 Prepaid expenses . . . . . . . . . . . . . . . . . . $15,421 14,071 Supplies inventory . . . . . . . . . . . . . . . . . . 7,138 7,668 Income taxes receivable . . . . . . . . . . . . . . 12,977 72 Other........................... 41,675 46,716 Total............................ $77,211 68,527