PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2018

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)	2018			2017
Computer hardware and software	$	182,215		$	179,567
Office equipment and other	7,384			9,388
Furniture and fixtures	13,313			14,092
Leasehold improvements	29,781			33,417
	232,693			236,464
Less: Accumulated depreciation and amortization	(187,062		)	(163,191		)
Total	$	45,631		$	73,273

Depreciation and amortization expense amounted to $30.8 million, $36.4 million and $36.8 million for the years ended December 31, 2018, 2017 and 2016, 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 (loss).