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Furniture, Equipment and Leasehold Improvements, Net
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Furniture, Equipment and Leasehold Improvements, Net
Furniture, Equipment and Leasehold Improvements, Net
Furniture, equipment and leasehold improvements, net consist of:
 
December 31,
 
2017
 
2016
 
(in thousands)
Furniture and equipment
$
551,502

 
$
535,890

Leasehold improvements
245,841

 
247,121

 
797,343

 
783,011

Less: Accumulated depreciation and amortization
(639,774
)
 
(623,447
)
Furniture, equipment and leasehold improvements, net
$
157,569

 
$
159,564


Depreciation and amortization expense on furniture, equipment and leasehold improvements were $32.8 million, $29.4 million and $29.0 million for the years ended December 31, 2017, 2016 and 2015, respectively.
During 2017, 2016 and 2015, we recorded $36.7 million, $17.7 million and $1.0 million, respectively, in pre-tax real estate charges. See Note 3 for further discussion of the real estate charges.