PREMISES AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2018

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, 2018			December 31, 2017
Computer hardware and software	$	180,488		$	179,567
Leasehold improvements	33,202			33,417
Furniture and fixtures	14,015			14,092
Office equipment and other	9,574			9,388
	237,279			236,464
Less: Accumulated depreciation and amortization	(171,694		)	(163,191		)
Total	$	65,585		$	73,273

Depreciation and amortization expense totaled $8.7 million and $10.0 million for the three months ended March 31, 2018 and 2017, 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.