Furniture, Equipment and Leasehold Improvements, Net

12 Months Ended

Dec. 31, 2019

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,
	2019			2018
	(in thousands)
Furniture and equipment	$	575,378		$	561,816
Leasehold improvements	266,365			253,439
	841,743			815,255
Less: Accumulated depreciation and amortization	(696,492		)	(659,736		)
Furniture, equipment and leasehold improvements, net	$	145,251		$	155,519

Depreciation and amortization expense on furniture, equipment and leasehold improvements were $38.1 million, $34.2 million and $32.8 million for the years ended December 31, 2019, 2018 and 2017, respectively.