Property and Equipment, net

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

Property and equipment, net consisted of the following:

(Dollar amounts in thousands)	Useful life in years	March 31, 2024		December 31, 2023
Buildings	30	$	2,241	$	2,193
Data processing equipment	3 - 5	190,519		187,761
Furniture and equipment	3 - 20	10,481		10,281
Leasehold improvements	5 -10	4,836		4,876
		208,077		205,111
Less - accumulated depreciation and amortization		(148,817)		(144,117)
Depreciable assets, net		59,260		60,994
Land		1,517		1,459
Property and equipment, net		$	60,777	$	62,453

Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2024 amounted to $5.7 million compared to $5.0 million for the corresponding period in 2023.