PREMISES AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following:

(in thousands)	June 30, 2018			December 31, 2017
Computer hardware and software	$	182,606		$	179,567
Leasehold improvements	32,658			33,417
Furniture and fixtures	13,695			14,092
Office equipment and other	8,887			9,388
	237,846			236,464
Less: Accumulated depreciation and amortization	(179,026		)	(163,191		)
Total	$	58,820		$	73,273

Depreciation and amortization expense totaled $17.0 million and $18.9 million for the six months ended June 30, 2018 and 2017, respectively ($8.3 million and $8.9 million for the second quarter of 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.