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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Cost Basis and Estimated Useful Lives of Property and Equipment

The cost basis and estimated useful lives of property and equipment as of December 31, 2023 and 2022 are as follows (dollars in thousands):

 

 

December 31,

 

 

 

 

 

2023 (1)

 

 

2022 (1)

 

 

Life

Computer hardware and software

 

$

41,844

 

 

$

35,698

 

 

3 years

Leasehold improvements

 

 

16,454

 

 

 

19,824

 

 

Shorter of Life of Lease
or Useful Life

Furniture, fixtures and equipment

 

 

10,865

 

 

 

11,417

 

 

5-10 years

Building and improvements

 

 

9,163

 

 

 

9,163

 

 

15-35 years

Other

 

 

22

 

 

 

22

 

 

5-10 years

Construction in progress

 

 

1,808

 

 

 

4,152

 

 

 

 

 

 

80,156

 

 

 

80,276

 

 

 

Less-accumulated depreciation

 

 

(58,785

)

 

 

(54,238

)

 

 

Total property and equipment, net

 

$

21,371

 

 

$

26,038

 

 

 

 

___________________

Property and equipment which were fully depreciated and no longer in use by the Company were retired during the years ended December 31, 2023 and 2022; therefore, both the cost of the asset and the related accumulated depreciation balances were reduced to zero for these assets.