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Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

3.

PROPERTY AND EQUIPMENT

Property and equipment and accumulated depreciation and amortization were as follows (dollars in thousands):

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

Property and equipment

 

 

 

 

 

 

 

 

Buildings

 

$

60,441

 

 

$

48,250

 

Software and capitalized software costs

 

 

41,996

 

 

 

23,879

 

Computer equipment

 

 

27,928

 

 

 

18,987

 

Rental clocks

 

 

13,131

 

 

 

10,669

 

Furniture, fixtures and equipment

 

 

7,528

 

 

 

6,695

 

Leasehold improvements

 

 

767

 

 

 

680

 

 

 

 

151,791

 

 

 

109,160

 

Less: accumulated depreciation and amortization

 

 

(53,525

)

 

 

(35,833

)

 

 

 

98,266

 

 

 

73,327

 

Construction in progress

 

 

40,446

 

 

 

14,528

 

Land

 

 

8,993

 

 

 

8,993

 

Property and equipment, net

 

$

147,705

 

 

$

96,848

 

 

Included in the construction in progress balance at December 31, 2017 and 2016 is $2.0 and $1.1 million in retainage, respectively.

Rental clocks included in property and equipment, net represent time clocks issued to clients under month-to-month operating leases. As such, these items are transferred from inventory to property and equipment and depreciated over their useful estimated lives.

Depreciation and amortization expense for property and equipment, net was $18.5 million, $12.0 million and $7.8 million for the years ended December 31, 2017, 2016 and 2015, respectively.