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Furniture, Equipment and Leasehold Improvements, Net
12 Months Ended
Dec. 31, 2018
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,
 
2018
 
2017
 
(in thousands)
Furniture and equipment
$
561,816

 
$
551,502

Leasehold improvements
253,439

 
245,841

 
815,255

 
797,343

Less: Accumulated depreciation and amortization
(659,736
)
 
(639,774
)
Furniture, equipment and leasehold improvements, net
$
155,519

 
$
157,569


Depreciation and amortization expense on furniture, equipment and leasehold improvements were $34.2 million, $32.8 million and $29.4 million for the years ended December 31, 2018, 2017 and 2016, respectively.
During 2018, 2017 and 2016, we recorded $7.2 million, $36.7 million and $17.7 million, respectively, in pre-tax real estate charges. See Note 4 for further discussion of the real estate charges.