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Fixed Assets, Net | 6 Months Ended
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Jun. 30, 2019
Property Plant And Equipment [Abstract] |
Fixed Assets, Net |
(1 7) | Fixed Assets, Net
Fixed assets, net consisted of the following (in thousands):
|  | June 30, 2019 |  |  | December 31, 2018 |
Leasehold improvements and other fixed assets |  | $ | 101,885 |  |  | $ | 99,207 |
Software, including software development costs |  |  | 28,044 |  |  |  | 21,417 |
Computer and communications equipment |  |  | 20,289 |  |  |  | 16,605 |
|  |  | 150,218 |  |  |  | 137,229 |
Accumulated depreciation and amortization |  |  | (66,675 | ) |  |  | (58,424 | )
|  | $ | 83,543 |  |  | $ | 78,805 |
Depreciation expense for the three months ended June 30, 2019 and 2018 was $4.4 million and $3.2 million, respectively, and $9.3 million and $6.4 million for the six months ended June 30, 2019 and 2018, respectively. Depreciation expense is included as a part of “Depreciation and amortization” in Newmark’s unaudited condensed consolidated statements of operations. Capitalized software development costs for the three months ended June 30, 2019 and 2018 was $1.6 million and $0.5 million, respectively, and $2.2 million and $1.0 million for the six months ended June 30, 2019 and 2018, respectively. Amortization of software development costs totaled $0.6 million and $0.2 million for the three months ended June 30, 2019 and 2018, respectively and $1.1 million and $0.4 million for the six months ended June 30, 2019 and 2018, respectively. Amortization of software development costs is included as part of “Depreciation and amortization” in Newmark’s unaudited condensed consolidated statements of operations.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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