Property and Equipment

12 Months Ended

Dec. 31, 2015

Property and Equipment

Property and Equipment

4.     Property and Equipment

        A summary of property and equipment at December 31, 2015 and 2014 is as follows:

	2015		2014		Estimated useful lives
	(in thousands)
Leasehold improvements	$	21,741		21,039		1 - 15 years
Furniture and fixtures		29,462		29,462		3 - 10 years
Equipment		20,901		20,829		3 - 26 years
Computer software		96,310		74,506		1 - 10 years
Data processing equipment		20,335		23,684		1 - 5 years
Buildings		12,860		11,905		1 - 40 years
Land		3,804		3,804
Property and equipment, at cost		205,413		185,229
Accumulated depreciation		(99,979)		(92,925)
Property and equipment, net	$	105,434		92,304

        Depreciation expense was $16.0 million, $14.6 million and $12.8 million during the years ended December 31, 2015, 2014 and 2013, respectively.

        At December 31, 2015, we had property and equipment under capital leases with a cost of $2.1 million and accumulated depreciation of $1.1 million. At December 31, 2014, we had property and equipment under capital leases with a cost of $2.0 million and accumulated depreciation of $0.9 million.