Software and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Software and Equipment Software and Equipment
Software and equipment consist largely of capitalized software developed to support our mortgage insurance operations. Software and equipment, net of accumulated amortization and depreciation, as of December 31, 2019 and 2018, consists of the following:
 
December 31, 2019
 
December 31, 2018
 
(In Thousands)
Software
$
46,522

 
$
38,450

Equipment
8,992

 
7,035

Leasehold improvements
3,442

 
3,491

Subtotal
58,956

 
48,976

Accumulated amortization and depreciation
(32,860
)
 
(24,211
)
Software and equipment, net
$
26,096

 
$
24,765


Capitalized costs for software, equipment, and leasehold improvements during the year ended December 31, 2019, 2018 and 2017, were $10.6 million, $9.8 million, and $9.1 million, respectively. Amortization and depreciation expense for software, equipment, and leasehold improvements for the years ended December 31, 2019, 2018, and 2017 were $9.3 million, $7.8 million, and $6.7 million, respectively.