Equipment and Improvements

3 Months Ended

Mar. 31, 2020

Equipment and Improvements

Equipment and Improvements

(8)      Equipment and Improvements

Equipment and improvements consisted of the following:

	Estimated
	Useful
	Lives in	March 31,		December 31,
	Years	2020		2019
		(In thousands)
Card processing	3-5	$	140,022	$	137,190
Office equipment	3-5		43,019		42,561
Computer software	3		42,581		42,621
Leasehold improvements	various		18,437		17,870
Furniture and fixtures	5-7		6,277		6,019
Totals			250,336		246,261
Less accumulated depreciation			(164,503)		(155,323)
Foreign currency translation adjustment			(5,153)		3,526
Totals		$	80,680	$	94,464

Depreciation expense related to equipment and improvements was $10.1 million and $10.5 million for the three months ended March 31, 2020 and 2019, respectively.

In the three months ended March 31, 2020, equipment and improvements, gross, and accumulated depreciation were each reduced by $1.1 million and $0.9 million, respectively, and in the three months ended March 31, 2019 by $4.6 million and $4.5 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.