PREMISES AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following:

(in thousands)	March 31, 2017			December 31, 2016
Computer hardware and software	$	171,684		$	164,877
Office equipment and other	15,113			20,188
Furniture and fixtures	14,236			13,997
Leasehold improvements	33,727			33,808
	234,760			232,870
Less: accumulated depreciation and amortization	(138,737		)	(129,397		)
Total	$	96,023		$	103,473

Depreciation and amortization expense amounted to $10.0 million and $9.2 million for the three months ended March 31, 2017 and 2016, 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.