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Composition of Certain Financial Statement Captions | 3 Months Ended
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Mar. 31, 2019
Items Included in Consolidated Statement of Financial Condition [Abstract] |
Composition of Certain Financial Statement Captions | Composition of Certain Financial Statement Captions Receivables Receivables on the accompanying Consolidated Balance Sheets consist of:
| March 31, 2019 |  | December 31, 2018
Trade receivables | $ | 83,594 |  |  | $ | 76,362 |
Fees earned, not billed | 237,478 |  |  | 226,001 |
Other receivables | 13,285 |  |  | 13,691 |
| 334,357 |  |  | 316,054 |
Less: Allowance for doubtful accounts | (633 | ) |  | (718 | )
| $ | 333,724 |  |  | $ | 315,336 |
Fees earned, not billed represents receivables from contracts with customers 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 an extended valuation process. Billings to these clients occur once the asset valuation processes are completed. Receivables from investment products on the accompanying Consolidated Balance Sheets primarily represent fees receivable for distribution, investment advisory, and administration services to various regulated investment companies and other investment products sponsored by SEI. Property and Equipment Property and Equipment on the accompanying Consolidated Balance Sheets consists of:
| March 31, 2019 |  | December 31, 2018
Buildings | $ | 160,830 |  |  | $ | 160,796 |
Equipment | 128,154 |  |  | 126,954 |
Land | 10,772 |  |  | 10,772 |
Purchased software | 139,794 |  |  | 139,245 |
Furniture and fixtures | 18,312 |  |  | 18,103 |
Leasehold improvements | 20,136 |  |  | 18,959 |
Construction in progress | 13,884 |  |  | 9,240 |
| 491,882 |  |  | 484,069 |
Less: Accumulated depreciation | (345,129 | ) |  | (338,206 | )
Property and Equipment, net | $ | 146,753 |  |  | $ | 145,863 |
The Company recognized $7,331 and $7,122 in depreciation expense related to property and equipment for the three months ended March 31, 2019 and 2018, respectively. Deferred Contract Costs Deferred contract costs, which primarily consist of deferred sales commissions, were $24,145 and $24,007 as of March 31, 2019 and December 31, 2018, respectively. The Company deferred expenses related to contract costs of $1,126 and $1,816 during the three months ended March 31, 2019 and 2018, respectively. Amortization expense related to deferred contract costs were $988 and $582 during the three months ended March 31, 2019 and 2018, respectively. There was no impairment loss in relation to deferred contract costs during the three months ended March 31, 2019. Accrued Liabilities Accrued liabilities on the accompanying Consolidated Balance Sheets consist of:
| March 31, 2019 |  | December 31, 2018
Accrued employee compensation | $ | 31,825 |  |  | $ | 97,603 |
Accrued consulting, outsourcing and professional fees | 33,031 |  |  | 31,000 |
Accrued sub-advisory, distribution and other asset management fees | 42,616 |  |  | 42,583 |
Accrued dividend payable | — |  |  | 50,761 |
Accrued income taxes | 28,464 |  |  | 6,559 |
Other accrued liabilities | 37,924 |  |  | 51,128 |
Total accrued liabilities | $ | 173,860 |  |  | $ | 279,634 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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