Annual report pursuant to Section 13 and 15(d)

Property, Equipment and Software (Tables)

v3.6.0.2
Property, Equipment and Software (Tables)
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Components of Property, Equipment and Software
Property, equipment, and software are recorded at cost less accumulated depreciation and amortization, which are computed using the straight-line method over the following estimated useful lives:
Data processing and communications equipment
3 - 5 years
Furniture, fixtures, and other equipment
3 - 5 years
Software
3 - 5 years
Property, equipment, and software consisted of the following at December 31, 2016 and 2015:
 
 
December 31,
 
 
2016
 
2015
 
 
(in thousands)
Leasehold improvements
 
$
51,242

 
$
26,138

Data processing and communications equipment
 
76,773

 
67,871

Furniture, fixtures, and other equipment
 
26,513

 
18,253

Software
 
86,983

 
68,972

Property, equipment, and software, gross
 
241,511

 
181,234

Less: Accumulated depreciation and amortization
 
(111,083
)
 
(99,036
)
Property, equipment, and software, net
 
$
130,428

 
$
82,198