Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

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Property, Equipment and Software
9 Months Ended
Sep. 30, 2012
Property, Equipment and Software [Abstract]  
Property, Equipment and Software
4. Property, Equipment and Software

Property, equipment and software consist of the following:

 

                 
    September 30,
2012
    December 31,
2011
 
    (in thousands)  

Leasehold improvements

  $ 11,820     $ 9,924  

Data processing and communications equipment

    43,196       38,926  

Furniture, fixtures, and other equipment

    11,379       9,680  

Software

    40,844       31,266  
   

 

 

   

 

 

 
      107,239       89,796  

Less: Accumulated depreciation and amortization

    (71,076     (61,822
   

 

 

   

 

 

 

Property, equipment and software, net

  $ 36,163     $ 27,974  
   

 

 

   

 

 

 

Depreciation and amortization expense for property, equipment and software was $3.5 million and $3.1 million for the three months ended, and $10.3 million and $9.5 million for the nine months ended September 30, 2012 and 2011, respectively. This includes depreciation for assets purchased through capital leases.