Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

v3.19.1
Property, Equipment and Software
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software
Property, Equipment, and Software
Property, equipment, and software consisted of the following at March 31, 2019 and December 31, 2018:
 
March 31, 2019
 
December 31, 2018
 
(in thousands)
Leasehold improvements
$
64,135

 
$
63,391

Data processing and communications equipment
71,197

 
68,015

Furniture, fixtures, and other equipment
34,057

 
33,840

Software
137,907

 
131,437

Property, equipment, and software, gross
307,296

 
296,683

Less: Accumulated depreciation and amortization
(153,340
)
 
(143,155
)
Property, equipment, and software, net
$
153,956

 
$
153,528


Depreciation and amortization expense for property, equipment, and purchased software was $7.5 million and $6.9 million for the three months ended March 31, 2019 and 2018, respectively.
The unamortized amount of capitalized software development costs was $57.1 million and $54.9 million at March 31, 2019 and December 31, 2018, respectively. Amortization expense related to capitalized software development costs totaled $3.2 million and $2.6 million for the three months ended March 31, 2019 and 2018, respectively.