Property and Equipment, net

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following:


(In thousands)	Useful life in years	June 30, 2021		December 31, 2020
Buildings	30	$	1,412	$	1,437
Data processing equipment	3 - 5	128,355		124,897
Furniture and equipment	3 - 20	7,131		6,691
Leasehold improvements	5 -10	3,116		3,098
		140,014		136,123
Less - accumulated depreciation and amortization		(100,006)		(93,826)
Depreciable assets, net		40,008		42,297
Land		1,232		1,241
Property and equipment, net		$	41,240	$	43,538

Depreciation and amortization expense related to property and equipment for the three and six months ended June 30, 2021 amounted to $4.4 million and $8.8 million, respectively, compared to $4.3 million and $8.5 million for the corresponding periods in 2020.

During the six months ended June 30, 2021, the Company recorded a loss on the disposition of damaged POS devices amounting to $0.5 million through cost of revenues.