Annual report pursuant to Section 13 and 15(d)

Property, Equipment and Software

v2.4.0.6
Property, Equipment and Software
12 Months Ended
Dec. 31, 2012
Property, Equipment and Software

4. Property, Equipment and Software

Property, equipment and software consist of the following:

 

     December 31,  
     2012     2011  
     (in thousands)  

Leasehold improvements

   $ 11,859      $ 9,924   

Data processing and communications equipment

     43,562        38,926   

Furniture, fixtures and other equipment

     11,638        9,680   

Software

     38,710        31,266   
  

 

 

   

 

 

 
     105,769        89,796   

Less: Accumulated depreciation and amortization

     (73,282     (61,822
  

 

 

   

 

 

 

Property, equipment and software, net

   $ 32,487      $ 27,974   
  

 

 

   

 

 

 

 

Depreciation and amortization expense for property, equipment and software was $14.2 million, $12.9 million and $11.5 million for the years ended December 31, 2012, 2011 and 2010, respectively. This includes depreciation for assets purchased through capital leases.