Property and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

Note 7—Property and Equipment, Net

Property and equipment, net consisted of the following:


	Useful life in years	December 31,
(Dollar amounts in thousands)	Useful life in years	2013			2012
Buildings	30	$	1,726		$	2,096
Data processing equipment	3 - 5		68,273			59,901
Furniture and equipment	3 - 20		6,385			6,183
Leasehold improvements	5 - 10		2,880			2,380

			79,264			70,560
Less—accumulated depreciation and amortization			(47,555	)		(35,331	)

Depreciable assets, net			31,709			35,229
Land			1,531			1,508

Property and equipment, net		$	33,240		$	36,737

Depreciation and amortization expense related to property and equipment was $16.2 million, $16.4 million and $15.3 million for the years ended December 31, 2013, 2012 and 2011, respectively.

- 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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