Property and Equipment, Net

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consists of the following:

(In thousands)	December 31, 2016			December 31, 2015
Software	$	88,161		$	64,727
Office equipment, including data processing equipment	20,974			20,044
Leasehold improvements	11,785			9,874
Furniture, fixtures, and equipment	11,421			7,911
Projects in progress	10,714			7,407
Total	143,055			109,963
Less: Accumulated depreciation	(84,433		)	(72,119		)
Property and equipment, net	$	58,622		$	37,844

Projects in progress consist primarily of development costs for internally developed software, which we capitalize and amortize on a straight-line basis over the estimated useful life. We recognized depreciation expense for capitalized internally developed software of $10.2 million, $5.4 million, and $5.2 million for the years ended December 31, 2016, 2015 and 2014, respectively.