Annual report pursuant to Section 13 and 15(d)

Property, Equipment and Software (Tables)

v3.3.1.900
Property, Equipment and Software (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015 and 2014:
 
 
December 31,
 
 
2015
 
2014
 
 
(in thousands)
Leasehold improvements
 
$
26,138

 
$
22,943

Data processing and communications equipment
 
67,871

 
59,390

Furniture, fixtures, and other equipment
 
18,253

 
16,254

Software
 
68,972

 
51,915

 
 
181,234

 
150,502

Less: Accumulated depreciation and amortization
 
(99,036
)
 
(77,886
)
Property, equipment, and software, net
 
$
82,198

 
$
72,616