Property and Equipment, net

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

Property and equipment, net consists of the following:

(Dollar amounts in thousands)	Useful life in years	March 31, 2020			December 31, 2019
Buildings	30	$	1,497		$	1,542
Data processing equipment	3 - 5	119,428			116,950
Furniture and equipment	3 - 20	6,660			6,936
Leasehold improvements	5 -10	3,007			2,814
		130,592			128,242
Less - accumulated depreciation and amortization		(89,916		)	(85,780		)
Depreciable assets, net		40,676			42,462
Land		1,308			1,329
Property and equipment, net		$	41,984		$	43,791

Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2020 amounted to $4.2 million compared to $4.0 million for the corresponding period in 2019.