Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

v3.19.3
Property, Equipment and Software
9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software Property, Equipment, and Software
Property, equipment, and software consisted of the following at September 30, 2019 and December 31, 2018:
 
September 30, 2019
 
December 31, 2018
 
(in thousands)
Leasehold improvements
$
66,697

 
$
63,391

Data processing and communications equipment
78,549

 
68,015

Furniture, fixtures, and other equipment
35,057

 
33,840

Software
149,912

 
131,437

Property, equipment, and software, gross
330,215

 
296,683

Less: Accumulated depreciation and amortization
(170,610
)
 
(143,155
)
Property, equipment, and software, net
$
159,605

 
$
153,528


Depreciation and amortization expense for property, equipment, and purchased software was $7.5 million and $6.9 million for the three months ended, and $22.7 million and $21.3 million for the nine months ended September 30, 2019 and 2018, respectively.
The unamortized amount of capitalized software development costs was $63.1 million and $54.9 million at September 30, 2019 and December 31, 2018, respectively. Amortization expense related to capitalized software development costs totaled $3.9 million and $3.2 million for the three months ended, and $10.9 million and $8.7 million for the nine months ended September 30, 2019 and 2018, respectively.