Fixed Assets, Net

3 Months Ended

Mar. 31, 2018

Property Plant And Equipment [Abstract]

(16)	Fixed Assets, Net

Fixed assets, net consisted of the following (in thousands):

	March 31, 2018			December 31, 2017
Leasehold improvements and other fixed assets	$	79,121		$	77,313
Software, including software development costs		17,827			17,395
Computer and communications equipment		16,450			15,878
		113,398			110,586
Accumulated depreciation and amortization		(48,833	)		(45,764	)
	$	64,565		$	64,822

Depreciation expense for the three months ended March 31, 2018 and 2017, was $3.2 million and $3.0 million, respectively. Depreciation expense is included as a part of “Depreciation and amortization” in Newmark’s unaudited condensed consolidated statement of operations.

For the three months ended March 31, 2018 and 2017, $0.5 million and $0.1 million of software development costs were capitalized, respectively. Amortization of software development costs totaled $0.2 million and $0.1million for the three months ended March 31, 2018 and 2017, respectively. Amortization of software development costs is included as part of “Operating, administrative and other” in Newmark’s unaudited condensed consolidated statements of operations.