PREMISES AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2014

NOTE 6 — PREMISES AND EQUIPMENT, NET

Premises and equipment, net consist of the following:

	June 30,			December 31,
(in thousands)	2014			2013

Computer hardware and software	$	122,072		$	103,400
Office equipment and other	31,627			28,057
Furniture and fixtures	9,844			8,391
Leasehold improvements	20,224			17,574
	183,767			157,422
Less: accumulated depreciation and amortization	(82,805		)	(70,170		)

Total	$	100,962		$	87,252

Depreciation and amortization expense, inclusive of capital leases, amounted to $13.4 million and $9.3 million for the six months ended June 30, 2014 and 2013, respectively ($7.2 million and $4.6 million for the second quarter of 2014 and 2013, 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 used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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