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Property and Equipment, net
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consists of the following:
(In thousands)Useful life
in years
June 30, 2022December 31, 2021
Buildings30$1,269 $1,359 
Data processing equipment
3 - 5
146,811 141,359 
Furniture and equipment
3 - 20
8,234 7,718 
Leasehold improvements
5 -10
3,259 3,277 
159,573 153,713 
Less - accumulated depreciation and amortization(112,558)(106,365)
Depreciable assets, net47,015 47,348 
Land1,107 1,185 
Property and equipment, net$48,122 $48,533 

Depreciation and amortization expense related to property and equipment for three and six months ended June 30, 2022 amounted to $4.6 million and $9.3 million, respectively, compared to $4.4 million and $8.8 million for the corresponding periods in 2021.
During the six months ended June 30, 2021, the Company recorded a loss on the disposition of damaged POS devices amounting to $0.5 million through cost of revenues.