XML 32 R15.htm IDEA: XBRL DOCUMENT v3.19.1
PREMISES AND EQUIPMENT, NET
3 Months Ended
Mar. 31, 2019
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,
2019
 
December 31,
2018
 
 
 
 
 
Computer hardware and software
 
$
177,868

 
$
182,215

Office equipment and other
 
5,264

 
7,384

Furniture and fixtures
 
12,222

 
13,313

Leasehold improvements
 
26,925

 
29,781

 
 
222,279

 
232,693

Less: Accumulated depreciation and amortization
 
(182,882
)
 
(187,062
)
Net
 
39,397

 
45,631

 
 
 
 
 
Right-to-use assets under operating leases
 
39,046

 

Less: Accumulated depreciation and amortization
 
(3,452
)
 

Net right-to-use assets
 
35,594

 

 
 
 
 
 
Total premises and equipment, net
 
$
74,991

 
$
45,631


Depreciation and amortization expense totaled $9.4 million and $8.7 million for the three months ended March 31, 2019 and 2018, 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 loss.
Premises and equipment, net consist of the following, by country:
(in thousands)
 
March 31,
2019
 
December 31,
2018
 
 
 
 
 
United States
 
$
34,817

 
$
25,693

India
 
20,405

 
3,154

Luxembourg
 
15,874

 
14,975

Philippines
 
3,551

 
1,754

Other
 
344

 
55

 
 
 
 
 
Total
 
$
74,991

 
$
45,631