Property and Equipment, net

6 Months Ended

Jun. 30, 2020

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, 2020			December 31, 2019
Buildings	30	$	1,515		$	1,542
Data processing equipment	3 - 5	119,100			116,950
Furniture and equipment	3 - 20	7,138			6,936
Leasehold improvements	5 -10	3,015			2,814
		130,768			128,242
Less - accumulated depreciation and amortization		(90,881		)	(85,780		)
Depreciable assets, net		39,887			42,462
Land		1,312			1,329
Property and equipment, net		$	41,199		$	43,791

Depreciation and amortization expense related to property and equipment for three and six months ended June 30, 2020 amounted to $4.3 million and $8.5 million, respectively, compared to $4.3 million and $8.3 million for the corresponding periods in 2019.