Property and Equipment

12 Months Ended

Dec. 31, 2016

Property and Equipment

Property and Equipment

5.           Property and Equipment

A summary of property and equipment at December 31, 2016 and 2015 is as follows:

				Estimated
	2016		2015	useful lives
	(in thousands)
Leasehold improvements	$	22,426	21,741	1 - 15	years
Furniture and fixtures		30,501	29,462	3 - 10	years
Equipment		20,616	20,901	2 - 26	years
Computer software		100,941	96,310	1 - 10	years
Data processing equipment		19,458	20,335	1 - 5	years
Buildings		11,699	12,860	1 - 30	years
Land		2,843	3,804
Property and equipment, at cost		208,484	205,413
Accumulated depreciation		(106,035)	(99,979)
Property and equipment, net	$	102,449	105,434

Depreciation expense was $18.4 million, $16.0 million and $14.6 million during the years ended December 31, 2016, 2015 and 2014, respectively.

At December 31, 2016, we had property and equipment under capital leases with a cost of $1.8 million and accumulated depreciation of $0.8 million. At December 31, 2015, we had property and equipment under capital leases with a cost of $2.1 million and accumulated depreciation of $1.1 million.