Annual report pursuant to Section 13 and 15(d)

Property, Equipment and Software (Tables)

v3.19.3
Property, Equipment and Software (Tables)
12 Months Ended
Dec. 31, 2018
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
Leasehold improvements
Shorter of lease term or estimated useful life
Property, equipment, and software consisted of the following at December 31, 2018 and 2017:
 
 
December 31,
 
 
2018
 
2017
 
 
(in thousands)
Leasehold improvements
 
$
63,391

 
$
59,179

Data processing and communications equipment
 
68,015

 
83,922

Furniture, fixtures, and other equipment
 
33,840

 
28,752

Software
 
131,437

 
107,924

Property, equipment, and software, gross
 
296,683

 
279,777

Less: Accumulated depreciation and amortization
 
(143,155
)
 
(131,349
)
Property, equipment, and software, net
 
$
153,528

 
$
148,428