Furniture, Fixtures, Equipment and Building Improvements (Tables)

12 Months Ended

Dec. 31, 2018

Furniture, fixtures, equipment and building improvements

Summary of depreciation and amortization expenses

	Year ended December 31,
	2018		2017		2016
	(in thousands)
Depreciation and amortization expenses	$	9,500	$	8,150	$	6,842
Less: Depreciation and amortization allocated to PMT(1)		—		(1,396)		(1,350)
Depreciation and amortization expenses included in Occupancy and equipment	$	9,500	$	6,754	$	5,492

The Company’s management agreement with PMT provides for allocation by the Company of certain common overhead costs to PMT. The Company adopted ASU 2014-09 using the modified retrospective method effective January 1, 2018, Adoption of ASU 2014-09 required the Company to include those reimbursements from PMT of $1.2 million in Other revenue starting January 1, 2018. Before adoption of ASU 2014-09, the Company included such reimbursements in the respective expense line items.

Furniture, Fixtures, Equipment and Building Improvements

Furniture, fixtures, equipment and building improvements

Schedule of furniture, fixtures, equipment and building improvements

	December 31,
	2018		2017
	(in thousands)
Furniture, fixtures, equipment and building improvements	$	55,251	$	54,186
Less: Accumulated depreciation and amortization		(21,877)		(24,733)
	$	33,374	$	29,453
Fixed assets pledged to secure obligations under capital lease	$	16,281	$	23,915