Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

v3.10.0.1
Property, Equipment and Software
 6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software
Property, Equipment, and Software
Property, equipment, and software consisted of the following at June 30, 2018 and December 31, 2017:
 
June 30, 2018
 
December 31, 2017
 
(in thousands)
Leasehold improvements
$
61,357

 
$
59,179

Data processing and communications equipment
76,357

 
83,922

Furniture, fixtures, and other equipment
31,635

 
28,752

Software
118,735

 
107,924

Property, equipment, and software, gross
288,084

 
279,777

Less: Accumulated depreciation and amortization
(142,744
)
 
(131,349
)
Property, equipment, and software, net
$
145,340

 
$
148,428


Depreciation and amortization expense for property, equipment, and purchased software was $7.5 million and $6.9 million for the three months ended, and $14.4 million and $13.5 million for the six months ended June 30, 2018 and 2017, respectively.
The carrying amount of capitalized software development costs was $83.2 million and $73.4 million at June 30, 2018 and December 31, 2017, respectively. Total accumulated amortization related to these assets was $33.4 million and $27.8 million at June 30, 2018 and December 31, 2017, respectively. Amortization expense related to capitalized software development costs totaled $3.0 million and $1.8 million for the three months ended, and $5.5 million and $3.4 million for the six months ended June 30, 2018 and 2017, respectively.