Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net consisted of the following:

	As of December 31,
	2019			2018
	(in thousands)
Buildings	$	648,003		$	657,438
Furniture and equipment	317,567			280,908
Software	167,547			162,601
Leasehold improvements	241,178			103,428
Computers	63,325			59,073
Total property and equipment, gross	1,437,620			1,263,448
Less: accumulated depreciation	(692,540		)	(451,443		)
Total property and equipment, net	$	745,080		$	812,005

The Company recorded depreciation expense of $106.9 million, $72.4 million and $61.4 million in 2019, 2018 and 2017, respectively. The Company’s capital lease amortization is included in depreciation expense.