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Property and Equipment, net
6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Property Plant And Equipment [Abstract]    
Property and Equipment, Net

Note 3—Property and Equipment, net

Property and equipment, net consists of the following:

(Dollar amounts in thousands) Useful life
in years
June 30, 2013 December 31, 2012

Buildings

30 $ 1,732 $ 2,096

Data processing equipment

3 - 5 60,883 59,901

Furniture and equipment

3 - 20 6,651 6,183

Leasehold improvements

5 - 10 2,430 2,380

71,696 70,560

Less—accumulated depreciation and amortization

(40,200 ) (35,331 )

Depreciable assets, net

31,496 35,229

Land

1,535 1,508

Property and equipment, net

$ 33,031 $ 36,737

Depreciation and amortization expense related to property and equipment was $4.1 million and $8.1 million for both the three and six months ended June 30, 2013 and the corresponding 2012 periods.

Note 7—Property and Equipment, Net

Property and equipment, net consisted of the following:

 

    

Useful life
in years

   December 31,  
(Dollar amounts in thousands)       2012     2011  

Buildings

   30    $ 2,096      $ 2,091   

Data processing equipment

   3 - 5      59,901        45,346   

Furniture and equipment

   3 - 20      6,183        5,912   

Leasehold improvements

   5 - 10      2,380        1,147   
     

 

 

   

 

 

 
        70,560        54,496   

Less—accumulated depreciation and amortization

        (35,331     (19,316
     

 

 

   

 

 

 

Depreciable assets, net

        35,229        35,180   

Land

        1,508        1,505   
     

 

 

   

 

 

 

Property and equipment, net

      $ 36,737      $ 36,685   
     

 

 

   

 

 

 

Depreciation and amortization expense related to property and equipment was $16.4 million for the year ended December 31, 2012 and $15.3 million for the year ended December 31, 2011.