PREMISES AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2016

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, 2016			December 31, 2015
Computer hardware and software	$	183,490		$	177,010
Office equipment and other	25,934			21,720
Furniture and fixtures	15,338			14,443
Leasehold improvements	36,807			35,503
	261,569			248,676
Less: accumulated depreciation and amortization	(146,993		)	(129,555		)
Total	$	114,576		$	119,121

Depreciation and amortization expense amounted to $18.3 million and $18.4 million for the six months ended June 30, 2016 and 2015, respectively ($9.1 million and $9.6 million for the second quarter of 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.