Property and Equipment, net

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

Property and equipment, net consists of the following:

(Dollar amounts in thousands)	Useful life in years	June 30, 2017			December 31, 2016
Buildings	30	$	1,529		$	1,559
Data processing equipment	3 - 5	106,482			105,052
Furniture and equipment	3 - 20	6,278			7,311
Leasehold improvements	5 -10	3,162			3,057
		117,451			116,979
Less - accumulated depreciation and amortization		(82,692		)	(79,431		)
Depreciable assets, net		34,759			37,548
Land		1,336			1,382
Property and equipment, net		$	36,095		$	38,930

Depreciation and amortization expense related to property and equipment for the three and six months ended June 30, 2017 amounted to $3.7 million and $7.4 million, compared to $3.4 million and $6.8 million for the same period in 2016.