PREMISES AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2016

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, 2016			December 31, 2015
Computer hardware and software	$	180,405		$	177,010
Office equipment and other	23,374			21,720
Furniture and fixtures	14,780			14,443
Leasehold improvements	36,362			35,503
	254,921			248,676
Less: accumulated depreciation and amortization	(137,984		)	(129,555		)
Total	$	116,937		$	119,121

Depreciation and amortization expense amounted to $9.2 million and $8.8 million for the three months ended March 31, 2016 and 2015, 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 income.