Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The components of property and equipment as of December 31, 2019 and 2018 are as follows (in thousands):

	December 31,						Depreciable Life
	2019			2018
Purchased and capitalized software costs	$	37,968		$	36,894		2-7 years
Furniture, fixtures and equipment	29,899			28,749			2-10 years
Computer equipment	15,034			15,265			2-6 years
Leasehold improvements	15,392			14,939			2-10 years
In-process assets	1,457			1,897
	99,750			97,744
Less-accumulated depreciation and amortization	(81,314		)	(76,248		)
Property and equipment, net	$	18,436		$	21,496

Depreciation and amortization expense related to property and equipment, excluding finance leases, for the years ended December 31, 2019 and 2018 was $8.3 million and $7.6 million, respectively.

The Company’s property and equipment held under finance leases amount to approximately $1.9 million and $2.9 million, net of accumulated amortization of approximately $2.5 million and $2.8 million, at December 31, 2019 and 2018, respectively. Depreciation and amortization expense related to finance leases for the years ended December 31, 2019 and 2018 was $1.4 million and $2.2 million, respectively.