Property and Equipment, Net

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property and equipment, net as of June 30, 2018 and December 31, 2017 consists of the following:



(in thousands)	2018			2017
Land	$	7,476		$	7,476
Buildings	6,487			6,487
Furniture and equipment	64,083			63,255
Capitalized software	912,798			878,156
Leasehold improvements	41,162			39,990
Construction in progress	3,419			1,349
	1,035,425			996,713
Less accumulated depreciation	(581,645		)	(549,054		)
Property and equipment, net	$	453,780		$	447,659

Depreciation expense for property and equipment was approximately $22.4 million and $20.1 million for the three months ended June 30, 2018 and 2017, respectively, and $44.2 million and $40.7 million for the six months ended June 30, 2018 and 2017, respectively.