Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

v2.4.0.8
Property, Equipment and Software
6 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software
Property, Equipment and Software
Property, equipment and software consist of the following:
 
June 30,
 
December 31,
 
2014
 
2013
 
(in thousands)
Leasehold improvements
$
20,700

 
$
18,756

Data processing and communications equipment
53,356

 
47,719

Furniture, fixtures, and other equipment
15,578

 
11,266

Software
45,056

 
36,750

 
134,690

 
114,491

Less: Accumulated depreciation and amortization
(68,175
)
 
(59,716
)
Property, equipment and software, net
$
66,515

 
$
54,775


Depreciation and amortization expense for property, equipment and software was $4.9 million and $3.3 million for the three months ended, and $9.4 million and $7.3 million for the six months ended June 30, 2014 and 2013, respectively. This includes depreciation for assets purchased through capital leases.