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Fixed Assets, Net

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Fixed Assets, Net

(17) 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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- References

No definition available.

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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

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