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, 2011
Property, Equipment and Software [Abstract]  
Property, Equipment and Software
4. Property, Equipment and Software
Property, equipment and software consist of the following:
                 
    December 31,  
    2011     2010  
    (in thousands)  
Leasehold improvements
  $ 9,924     $ 8,772  
Data processing and communications equipment
    38,926       31,712  
Furniture, fixtures and other equipment
    9,680       8,012  
Software
    31,266       26,617  
 
           
 
    89,796       75,113  
Less: Accumulated depreciation and amortization
    (61,822 )     (50,598 )
 
           
Property, equipment and software, net
  $ 27,974     $ 24,515  
 
           
Depreciation and amortization expense for property, equipment and software was $12.9 million, $11.5 million and $10.3 million for the years ended December 31, 2011, 2010 and 2009, respectively. This includes depreciation for assets purchased through capital leases.