Property and Equipment

12 Months Ended

Dec. 31, 2018

Property and Equipment

Property and Equipment

6.           Property and Equipment

A summary of property and equipment at December 31, 2018 and 2017 is as follows:

				Estimated
	2018		2017	useful lives
	(in thousands)
Leasehold improvements	$	21,790	22,106	1 - 15	years
Furniture and fixtures		28,482	30,529	3 - 10	years
Equipment		20,248	20,802	2 - 26	years
Computer software		100,507	99,644	1 - 10	years
Data processing equipment		17,056	18,678	1 - 5	years
Buildings		11,772	11,759	1 - 30	years
Land		2,843	2,843
Property and equipment, at cost		202,698	206,361
Accumulated depreciation		(139,269)	(118,694)
Property and equipment, net	$	63,429	87,667

Depreciation expense was $25.6 million, $21.0 million and $18.4 million during the years ended December 31, 2018, 2017 and 2016, respectively.

At December 31, 2018, we had property and equipment under capital leases with a cost of $1.6 million and accumulated depreciation of $1.1 million. At December 31, 2017, we had property and equipment under capital leases with a cost of $1.9 million and accumulated depreciation of $1.0 million.