PREMISES AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following:

(in thousands)	September 30, 2016			December 31, 2015
Computer hardware and software	$	163,140		$	177,010
Office equipment and other	19,586			21,720
Furniture and fixtures	13,792			14,443
Leasehold improvements	35,726			35,503
	232,244			248,676
Less: accumulated depreciation and amortization	(122,459		)	(129,555		)
Total	$	109,785		$	119,121

Depreciation and amortization expense amounted to $27.5 million and $27.6 million for the nine months ended September 30, 2016 and 2015, respectively ($9.2 million and $9.2 million for the third quarter of 2016 and 2015, 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 and comprehensive income.