Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software

v3.20.1
Property, Equipment and Software
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software Property, Equipment, and Software
Property, equipment, and software consisted of the following at March 31, 2020 and December 31, 2019:
 
March 31, 2020
 
December 31, 2019
 
(in thousands)
Leasehold improvements
$
68,619

 
$
70,558

Data processing and communications equipment
81,067

 
77,358

Furniture, fixtures, and other equipment
37,972

 
35,856

Software
167,466

 
157,832

Property, equipment, and software, gross
355,124

 
341,604

Less: Accumulated depreciation and amortization
(189,167
)
 
(178,322
)
Property, equipment, and software, net
$
165,957

 
$
163,282


Depreciation and amortization expense for property, equipment, and purchased software was $7.4 million and $7.5 million for the three months ended March 31, 2020 and 2019, respectively.
The unamortized amount of capitalized software development costs was $69.9 million and $66.5 million at March 31, 2020 and December 31, 2019, respectively. Amortization expense related to capitalized software development costs totaled $4.1 million and $3.2 million for the three months ended March 31, 2020 and 2019, respectively.