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Equipment and Improvements
 6 Months Ended
Jun. 30, 2018
Equipment and Improvements  
Equipment and Improvements

(5)Equipment and Improvements

Equipment and improvements consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

 

 

 

 

 

 

 

 

Useful

 

 

 

 

 

 

 

 

Lives in

 

June 30,

 

December 31,

 

 

Years

 

2018

 

2017

 

 

 

 

(In thousands)

Card processing

 

3-5

 

$

113,489

 

$

102,789

Office equipment

 

3-5

 

 

42,007

 

 

37,476

Computer software

 
3

 

 

41,278

 

 

38,669

Leasehold improvements

 

various

 

 

13,120

 

 

12,764

Furniture and fixtures

 

5-7

 

 

5,822

 

 

5,410

Totals

 

 

 

 

215,716

 

 

197,108

Less accumulated depreciation

 

 

 

 

(118,336)

 

 

(106,889)

Foreign currency translation adjustment

 

 

 

 

2,977

 

 

6,368

Totals

 

 

 

$

100,357

 

$

96,587

 

Depreciation expense related to equipment and improvements was $9.5 million and $7.2 million for the three months ended June 30, 2018 and 2017, respectively. Depreciation expense related to equipment and improvements was $18.5 million and $14.3 million for the six months ended June 30, 2018 and 2017, respectively.

 

In the six months ended June 30, 2018 equipment and improvements and accumulated depreciation were each reduced by $7.5 million and $7.1 million, respectively, and in the six months ended June 30, 2017 by $2.7 million and $2.6 million, respectively, primarily related to asset retirements.  The Company infrequently sells or disposes of assets that are not fully depreciated, and this activity represents an insignificant portion of the total reduction.