Equipment and Improvements

6 Months Ended

Jun. 30, 2019

Equipment and Improvements

Equipment and Improvements

(7)Equipment and Improvements

Equipment and improvements consisted of the following:

	Estimated
	Useful
	Lives in	June 30,		December 31,
	Years	2019		2018
		(In thousands)
Card processing	3-5	$	134,110	$	128,244
Office equipment	3-5		43,148		41,771
Computer software	3		44,950		44,373
Leasehold improvements	various		15,949		16,234
Furniture and fixtures	5-7		6,414		5,673
Totals			244,571		236,295
Less accumulated depreciation			(153,075)		(136,947)
Foreign currency translation adjustment			3,983		3,698
Totals		$	95,479	$	103,046

Depreciation expense related to equipment and improvements was $11.3 million and $9.5 million for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense related to equipment and improvements was $21.5 million and $18.5 million for the six months ended June 30, 2019 and 2018, respectively.

In the six months ended June 30, 2019, equipment and improvements and accumulated depreciation were each reduced by $6.3 million and $6.3 million, respectively, and in the six months ended June 30, 2018 by $7.5 million and $7.1 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.