Property and Equipment, Net

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net as of March 31, 2019 and December 31, 2018 consists of the following:

(in thousands)	2019			2018
Land	$	7,476		$	7,476
Buildings	6,487			6,487
Furniture and equipment	71,559			68,851
Capitalized software	925,752			902,482
Leasehold improvements	43,607			43,476
Construction in progress	1,218			669
	1,056,099			1,029,441
Less accumulated depreciation	(596,621		)	(572,944		)
Property and equipment, net	$	459,478		$	456,497

Depreciation expense for property and equipment was approximately $23.4 million and $21.8 million, for the three months ended March 31, 2019 and 2018, respectively.