Furniture, Equipment and Leasehold Improvements, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Furniture, Equipment and Leasehold Improvements, Net

Furniture, Equipment and Leasehold Improvements, Net

Furniture, equipment and leasehold improvements, net consist of:

	Years Ended December 31
	2023			2022
	(in thousands)
Furniture and equipment (1)		$	168,415		$	605,567
Leasehold improvements (1)		326,131			323,982
Total (1)		494,546			929,549
Less: Accumulated depreciation and amortization (1)		(318,198)			(740,291)
Furniture, equipment and leasehold improvements, net (1)		$	176,348		$	189,258

(1)During the fourth quarter of 2023 we wrote off approximately $461.7 million in fully depreciated assets.

Depreciation and amortization expense on furniture, equipment and leasehold improvements were $44.9 million, $39.7 million and $38.8 million for the years ended December 31, 2023, 2022 and 2021, respectively.