Equipment and Improvements

6 Months Ended

Jun. 30, 2020

Equipment and Improvements

Equipment and Improvements

(8)      Equipment and Improvements

Equipment and improvements consisted of the following:

	Estimated
	Useful
	Lives in	June 30,		December 31,
	Years	2020		2019
		(In thousands)
Card processing	3-5	$	139,929	$	137,190
Office equipment	3-5		44,374		42,561
Computer software	3		41,688		42,621
Leasehold improvements	various		19,262		17,870
Furniture and fixtures	5-7		6,304		6,019
Totals			251,557		246,261
Less accumulated depreciation			(172,885)		(155,323)
Foreign currency translation adjustment			(2,849)		3,526
Totals		$	75,823	$	94,464

Depreciation expense related to equipment and improvements were $9.8 million and $11.3 million for the three months ended June 30, 2020 and 2019, respectively. Depreciation expense related to equipment and improvements were $19.9 million and $21.5 million for the six months ended June 30, 2020 and 2019, respectively.

In the six months ended June 30, 2020, equipment and improvements, gross, and accumulated depreciation were each reduced by $3.4 million and $2.3 million, respectively, and in the six months ended June 30, 2019 by $6.3 million each, 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.