PREMISES AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2020

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, 2020			December 31, 2019
Computer hardware and software	$	129,966		$	144,608
Leasehold improvements	21,807			23,800
Furniture and fixtures	7,269			8,775
Office equipment and other	3,798			4,004
	162,840			181,187
Less: Accumulated depreciation and amortization	(144,179		)	(156,661		)
Total	$	18,661		$	24,526

Depreciation and amortization expense amounted to $7.7 million and $10.5 million for the six months ended June 30, 2020 and 2019, respectively ($3.6 million and $4.9 million for the second quarter of 2020 and 2019, 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)	June 30, 2020		December 31, 2019
United States	$	9,779	$	13,426
Luxembourg	7,660		10,295
India	1,030		671
Uruguay	115		39
Philippines	77		95
Total	$	18,661	$	24,526