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PREMISES AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT, NET
PREMISES AND EQUIPMENT, NET
Premises and equipment, net consists of the following as of December 31:
(in thousands)
 
2017
 
2016
 
 
 
 
 
Computer hardware and software
 
$
179,567

 
$
164,877

Office equipment and other
 
9,388

 
20,188

Furniture and fixtures
 
14,092

 
13,997

Leasehold improvements
 
33,417

 
33,808

 
 
236,464

 
232,870

Less: Accumulated depreciation and amortization
 
(163,191
)
 
(129,397
)
 
 
 
 
 
Total
 
$
73,273

 
$
103,473


Depreciation and amortization expense amounted to $36.4 million, $36.8 million and $36.5 million for the years ended December 31, 2017, 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 consolidated statements of operations and comprehensive income.
In the fourth quarter of 2015, we recognized a $4.1 million premises and equipment impairment loss in our Mortgage Market segment (see Note 24 for additional information regarding our changes in reportable segments effective January 1, 2017), primarily driven by the Company’s projected technology revenue from Ocwen and investment in technologies provided to Ocwen. There were no impairments of premises and equipment for the years ended December 31, 2017 and 2016.