PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises and equipment, net, which include amounts recorded under capital leases, consists of the following as of December 31:



(in thousands)	2014			2013

Computer hardware and software	$	140,799		$	103,400
Office equipment and other	36,032			28,057
Furniture and fixtures	12,231			8,391
Leasehold improvements	34,069			17,574
	223,131			157,422
Less: accumulated depreciation and amortization	(95,372		)	(70,170		)

Total	$	127,759		$	87,252

Depreciation and amortization expense, inclusive of capital leases, amounted to $29.0 million, $19.1 million and $12.8 million for the years ended December 31, 2014, 2013 and 2012, 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.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details