Equipment and Improvements

9 Months Ended

Sep. 30, 2022

Equipment and Improvements

Equipment and Improvements

(8)      Equipment and Improvements

Equipment and improvements consisted of the following:

	Estimated
	Useful
	Lives in	September 30,		December 31,
	Years	2022		2021
		(In thousands)
Card processing equipment	3-5	$	168,101	$	155,843
Office equipment	3-5		47,694		44,393
Computer software	3-5		60,039		60,226
Leasehold improvements	various		18,910		17,883
Furniture and fixtures	5-7		5,119		4,433
Totals			299,863		282,778
Less accumulated depreciation			(229,645)		(213,761)
Foreign currency translation adjustment			(7,808)		(511)
Totals		$	62,410	$	68,506

Depreciation expense related to equipment and improvements was $7.7 million and $9.6 million for the three months ended September 30, 2022 and 2021, respectively. Depreciation expense related to equipment and improvements was $24.2 million and $29.5 million for the nine months ended September 30, 2022 and 2021, respectively.

In the nine months ended September 30, 2022, gross equipment and improvements, and accumulated depreciation were each reduced by $8.9 million and $8.3 million, respectively, and in the nine months ended September 30, 2021 by $5.3 million and $4.5 million, respectively, primarily related to asset retirements.