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, 2011
Property, Equipment and Software [Abstract]  
Property, Equipment and Software
4. Property, Equipment and Software
Property, equipment and software consist of the following:
                 
    September 30,     December 31,  
    2011     2010  
    (in thousands)  
Leasehold improvements
  $ 8,819     $ 8,772  
Data processing and communications equipment
    36,349       31,712  
Furniture, fixtures, and other equipment
    9,630       8,012  
Software
    30,207       26,617  
 
           
 
    85,005       75,113  
Less: Accumulated depreciation and amortization
    (58,453 )     (50,598 )
 
           
Property, equipment and software, net
  $ 26,552     $ 24,515  
 
           
Depreciation and amortization expense for property, equipment and software was $3.1 million, $2.9 million, $9.5 million and $8.5 million for the three months ended September 30, 2011 and 2010 and the nine months ended September 2011 and 2010, respectively. This includes depreciation for assets purchased through capital leases.