Composition of Certain Financial Statement Captions

Receivables

Receivables on the accompanying Consolidated Balance Sheets consist of:



	2015			2014
Trade receivables	$	47,179		$	48,394
Fees earned, not billed	154,919			139,038
Other receivables	21,574			7,771
	223,672			195,203
Less: Allowance for doubtful accounts	(649		)	(784		)
Receivables, net	$	223,023		$	194,419

Fees earned, not billed represents receivables earned but unbilled and results from timing differences between services provided and contractual billing schedules. These billing schedules generally provide for fees to be billed on a quarterly basis.

Property and Equipment

Property and Equipment on the accompanying Consolidated Balance Sheets consists of:



	2015			2014
Buildings	$	151,604		$	149,890
Equipment	86,941			78,266
Land	10,003			9,997
Purchased software	122,433			104,964
Furniture and fixtures	16,143			16,944
Leasehold improvements	15,393			5,675
Construction in progress	961			1,094
	403,478			366,830
Less: Accumulated depreciation	(259,501		)	(241,295		)
Property and Equipment, net	$	143,977		$	125,535

Depreciation expense related to property and equipment for 2015, 2014 and 2013 was $24,044, $22,448 and $22,497, respectively.

During 2015, the Company determined that certain purchased software related to the SEI Wealth Platform is no longer in use and wrote off $522 of the software classified as Purchased software reported under the Private Banks business segment. The expense associated with the write off of the software is included in Facilities, supplies and other costs on the accompanying Consolidated Statement of Operations.

Other Assets

Other assets consist of long-term prepaid expenses, deposits, other investments at cost and various other assets. Amortization expense for certain other assets for 2015 was $229 and for 2014 and 2013 was $227.

Accrued Liabilities

Accrued Liabilities on the accompanying Consolidated Balance Sheets consist of:



	2015		2014
Accrued employee compensation	$	74,687	$	73,269
Accrued consulting, outsourcing and professional fees	21,575		18,915
Accrued sub-advisory, distribution and other asset management fees	32,674		31,913
Accrued dividend payable	42,625		40,178
Other accrued liabilities	46,026		43,154
Accrued liabilities	$	217,587	$	207,429