Property, Equipment and Capitalized Software

12 Months Ended

Dec. 31, 2015

Property, Equipment and Capitalized Software

Property, Equipment and Capitalized Software

15. Property, Equipment and Capitalized Software

Property, equipment and capitalized software consisted of the following at December 31, 2015 and 2014:

	December 31,
(in thousands)	2015		2014
Capitalized software costs	$	66,573	$	47,484
Leasehold improvements		3,567		8,799
Furniture and equipment		65,879		72,863
Land		77		77
		136,096		129,223
Less: Accumulated depreciation and amortization		(98,595)		(84,579)
Total property, equipment and capitalized software, net	$	37,501	$	44,644

Depreciation expense for property and equipment for the years ended December 31, 2015, 2014, and 2013 was approximately $24.0 million, $20.0 million and $12.9 million, respectively, and is included within depreciation and amortization expense in the accompanying consolidated statements of comprehensive income. Amortization expense for capitalized software for years ended December 31, 2015, 2014 and 2013 was approximately $9.6 million, $10.4 million and $11.0 million, respectively, and is included within depreciation and amortization expense in the accompanying consolidated statements of comprehensive income.