Property and Equipment, net

6 Months Ended

Jun. 30, 2018

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, 2018			December 31, 2017
Buildings	30	$	1,544		$	1,531
Data processing equipment	3 - 5	110,173			103,426
Furniture and equipment	3 - 20	6,878			232
Leasehold improvements	5 -10	2,595			2,190
		121,190			107,379
Less - accumulated depreciation and amortization		(84,199		)	(70,793		)
Depreciable assets, net		36,991			36,586
Land		1,345			1,338
Property and equipment, net		$	38,336		$	37,924

Depreciation and amortization expense related to property and equipment for the three and six months ended June 30, 2018 amounted to $3.5 million and $7.2 million, respectively, compared to $3.7 million and $7.4 million, respectively, for the same periods in 2017.