Equipment and Improvements

9 Months Ended

Sep. 30, 2019

Equipment and Improvements

Equipment and Improvements

(7)Equipment and Improvements

Equipment and improvements consist of the following:

	Estimated
	Useful
	Lives in	September 30,		December 31,
	Years	2019		2018
		(In thousands)
Card processing	3-5	$	136,384	$	128,244
Office equipment	3-5		44,311		41,771
Computer software	3		47,266		44,373
Leasehold improvements	various		16,594		16,234
Furniture and fixtures	5-7		6,549		5,673
Totals			251,104		236,295
Less accumulated depreciation			(158,794)		(136,947)
Foreign currency translation adjustment			(598)		3,698
Totals		$	91,712	$	103,046

Depreciation expense related to equipment and improvements was $10.0 million and $9.1 million for the three months ended September 30, 2019 and 2018, respectively. Depreciation expense related to equipment and improvements was $31.5 million and $27.6 million for the nine months ended September 30, 2019 and 2018, respectively.

In the nine months ended September 30, 2019, equipment and improvements and accumulated depreciation were each reduced by $10.8 million and $10.7 million, respectively, and in the nine months ended September 30, 2018 by $8.5 million and $7.6 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.