PREMISES AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Premises and equipment, net consist of the following:



(in thousands)	March 31, 2015			December 31, 2014

Computer hardware and software	$	151,262		$	140,799
Office equipment and other	33,578			36,032
Furniture and fixtures	12,880			12,231
Leasehold improvements	32,996			34,069
	230,716			223,131
Less: accumulated depreciation and amortization	(104,195		)	(95,372		)

Total	$	126,521		$	127,759

Depreciation and amortization expense amounted to $8.8 million and $6.2 million for the three months ended March 31, 2015 and 2014, 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.

- 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.

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