Composition of Certain Financial Statement Captions

Receivables

Receivables on the accompanying Consolidated Balance Sheets consist of:



	2016			2015
Trade receivables	$	48,683		$	47,179
Fees earned, not billed	168,971			154,919
Other receivables	10,826			21,574
	228,480			223,672
Less: Allowance for doubtful accounts	(523		)	(649		)
Receivables, net	$	227,957		$	223,023

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. In addition, certain fees earned from investment operations services are calculated based on assets under administration that have a prolonged valuation process which delays billings to clients.

Property and Equipment

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



	2016			2015
Buildings	$	152,171		$	151,604
Equipment	106,759			86,941
Land	10,030			10,003
Purchased software	128,008			122,433
Furniture and fixtures	17,292			16,143
Leasehold improvements	15,175			15,393
Construction in progress	2,077			961
	431,512			403,478
Less: Accumulated depreciation	(285,322		)	(259,501		)
Property and Equipment, net	$	146,190		$	143,977

Depreciation expense related to property and equipment for 2016, 2015 and 2014 was $26,440, $24,044 and $22,448, 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 2016, 2015 and 2014 was $345, $229 and $227, respectively.

Accrued Liabilities

Accrued Liabilities on the accompanying Consolidated Balance Sheets consist of:



	2016		2015
Accrued employee compensation	$	79,735	$	74,687
Accrued consulting, outsourcing and professional fees	24,428		21,575
Accrued sub-advisory, distribution and other asset management fees	41,666		32,674
Accrued dividend payable	44,596		42,625
Other accrued liabilities	50,100		46,026
Accrued liabilities	$	240,525	$	217,587