Property and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

4.Property and Equipment, Net

Property and equipment, net consisted of (in thousands):

	Useful Life (Years)	December 31, 2024			December 31, 2023
Computer software	3 - 5		5,421			4,923
Furniture and equipment	3 - 7		19,894			18,854
Construction in progress	N/A		5,901			340
Leasehold improvements	3 - 39		7,746			5,930
			38,962			30,047
Less accumulated depreciation and amortization			(24,688	)		(22,876	)
Property and equipment, net		$	14,274		$	7,171

As of December 31, 2024 and 2023, the Company had finance leases totaling $1.3 million and $1.7 million, respectively, included in property and equipment, net in the accompanying consolidated balance sheets.

Depreciation expense was $2.3 million, $5.1 million, and $3.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, which is included in depreciation and amortization in the accompanying consolidated statements of income.