Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

v3.19.2
Property, Equipment and Software
6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software Property, Equipment, and Software
Property, equipment, and software consisted of the following at June 30, 2019 and December 31, 2018:
 
June 30, 2019
 
December 31, 2018
 
(in thousands)
Leasehold improvements
$
65,297

 
$
63,391

Data processing and communications equipment
73,066

 
68,015

Furniture, fixtures, and other equipment
34,074

 
33,840

Software
143,214

 
131,437

Property, equipment, and software, gross
315,651

 
296,683

Less: Accumulated depreciation and amortization
(159,438
)
 
(143,155
)
Property, equipment, and software, net
$
156,213

 
$
153,528


Depreciation and amortization expense for property, equipment, and purchased software was $7.7 million and $7.5 million for the three months ended, and $15.2 million and $14.4 million for the six months ended June 30, 2019 and 2018, respectively.
The unamortized amount of capitalized software development costs was $60.4 million and $54.9 million at June 30, 2019 and December 31, 2018, respectively. Amortization expense related to capitalized software development costs totaled $3.8 million and $3.0 million for the three months ended, and $7.0 million and $5.5 million for the six months ended June 30, 2019 and 2018, respectively.