Premises and Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises and equipment, net, consists of the following (dollars in thousands):



	December 31,						Useful Life
	2014			2013			(in years)
Computer software	$	207,175		$	189,964		7
Computer hardware	33,636			29,011			3
Furniture and fixtures	10,834			11,175			3
Office equipment and other	7,299			6,414			3
Total premises and equipment	258,944			236,564
Less: accumulated depreciation and amortization	(134,018		)	(80,717		)
Premises and equipment, net	$	124,926		$	155,847

The Company recorded depreciation and amortization expense for premises and equipment of $53.8 million, $39.7 million and $24.5 million for the years ended December 31, 2014, 2013 and 2012, respectively. For the years ended December 31, 2014, 2013 and 2012, amortization expense for computer software was $40.7 million, $30.8 million and $19.5 million, respectively.

Computer software consists of the following (in thousands):



	December 31,
	2014			2013
Computer software	$	207,175		$	189,964
Less: Accumulated amortization	(105,585		)	(64,956		)
Computer software, net	$	101,590		$	125,008

Based on the balance of computer software, net, at December 31, 2014, the following is an estimate of amortization expense for each of the next five years and thereafter (in thousands):



	Amortization Expense
2015	$	35,728
2016	29,856
2017	22,572
2018	10,431
2019	1,638
Thereafter	1,365
Total	$	101,590

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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