PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2019

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)	2019			2018
Computer hardware and software	$	144,608		$	182,215
Leasehold improvements	23,800			29,781
Furniture and fixtures	8,775			13,313
Office equipment and other	4,004			7,384
	181,187			232,693
Less: Accumulated depreciation and amortization	(156,661		)	(187,062		)
Total	$	24,526		$	45,631

Depreciation and amortization expense amounted to $18.5 million, $30.8 million and $36.4 million for the years ended December 31, 2019, 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 consolidated statements of operations and comprehensive income (loss).

Premises and equipment, net consist of the following, by country, as of December 31:

(in thousands)	2019		2018
United States	$	13,426	$	25,693
Luxembourg	10,295		14,975
India	671		3,154
Philippines	95		1,754
Other	39		55
Total	$	24,526	$	45,631