Annual report pursuant to Section 13 and 15(d)

Property, Equipment and Software (Tables)

v3.8.0.1
Property, Equipment and Software (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016:
 
 
December 31,
 
 
2017
 
2016
 
 
(in thousands)
Leasehold improvements
 
$
59,179

 
$
51,242

Data processing and communications equipment
 
83,922

 
76,773

Furniture, fixtures, and other equipment
 
28,752

 
26,513

Software
 
107,924

 
86,983

Property, equipment, and software, gross
 
279,777

 
241,511

Less: Accumulated depreciation and amortization
 
(131,349
)
 
(111,083
)
Property, equipment, and software, net
 
$
148,428

 
$
130,428