PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

The following is a summary of property, equipment, and internally-developed software at cost, less accumulated depreciation and amortization (in thousands):



	March 31, 2017			December 31, 2016
Leasehold improvements	$	72,667		$	73,366
Computer equipment	60,141			52,915
Capitalized software	26,406			24,642
Office furniture and equipment	11,960			10,737
Construction in process	480			—
Total	171,654			161,660
Less: Accumulated depreciation and amortization	(80,641		)	(73,332		)
Property and equipment, net	$	91,013		$	88,328

Depreciation and amortization expense on property and equipment was $7.3 million for the three months ended March 31, 2017. Depreciation and amortization expense on property and equipment was $6.4 million for the three months ended March 31, 2016.