PREMISES AND EQUIPMENT, NET

9 Months Ended

Sep. 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)	September 30, 2018			December 31, 2017
Computer hardware and software	$	181,489		$	179,567
Leasehold improvements	32,413			33,417
Furniture and fixtures	13,438			14,092
Office equipment and other	8,542			9,388
	235,882			236,464
Less: Accumulated depreciation and amortization	(183,856		)	(163,191		)
Total	$	52,026		$	73,273

Depreciation and amortization expense totaled $24.7 million and $27.4 million for the nine months ended September 30, 2018 and 2017, respectively ($7.7 million and $8.5 million for the third 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.