Premises and Equipment, Net

6 Months Ended

Jun. 30, 2011

Premises and Equipment, Net [Abstract]

NOTE 5 — PREMISES AND EQUIPMENT, NET

Premises and Equipment, net which includes amounts recorded under capital leases, consists of the following:


	June 30,			December 31,
(in thousands)	2011			2010

Computer Hardware and Software	$	34,492		$	32,931
Office Equipment and Other		10,477			9,717
Furniture and Fixtures		2,346			2,226
Leasehold Improvements		5,495			4,501

	$	52,810		$	49,375
Less: Accumulated Depreciation and Amortization		(35,996	)		(31,882	)


Total	$	16,814		$	17,493

Depreciation and amortization expense, inclusive of capital lease obligations, amounted to $4.1 million and $3.2 million for the six months ended June 30, 2011 and 2010, respectively ($2.2 million and $1.7 million for the second quarter of 2011 and 2010, respectively), and is included in Cost of Revenue for operating assets and in Selling, General and Administrative Expenses for non-operating assets in the accompanying Condensed Consolidated Statements of Operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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