PREMISES AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2017

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, 2017			December 31, 2016
Computer hardware and software	$	175,512		$	164,877
Office equipment and other	12,077			20,188
Furniture and fixtures	13,826			13,997
Leasehold improvements	33,570			33,808
	234,985			232,870
Less: Accumulated depreciation and amortization	(154,162		)	(129,397		)
Total	$	80,823		$	103,473

Depreciation and amortization expense totaled $27.4 million and $27.5 million for the nine months ended September 30, 2017 and 2016, respectively ($8.5 million and $9.2 million for the third quarter of 2017 and 2016, respectively). These expenses are 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.