Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of December 31, 2021 and 2020 (in thousands):

	2021		2020
Purchased software, including capitalized software development costs	$	16,134	$	17,303
Computer hardware	10,098		9,541
Furniture and office equipment	968		2,388
Leasehold improvements	3,556		7,368
Construction in process	22		48
	30,778		36,648
Less: accumulated depreciation	(23,096)		(27,941)
Property and equipment, net	$	7,682	$	8,707

Depreciation expense for the years ended December 31, 2021, 2020 and 2019 was $5.5 million, $5.7 million and $5.7 million, respectively. During the year ended December 31, 2021, the Company disposed of leasehold improvements, purchased software, including capitalized software development costs, computer hardware and furniture and office equipment with a cost of $10.8 million and accumulated depreciation of $10.3 million resulting in a $0.5 million loss recorded in other (expense) income in the accompanying consolidated statements of operations. During the year ended December 31, 2020, the Company disposed of purchased software, including capitalized software development costs, computer hardware, furniture and office equipment with a cost of $0.8 million and accumulated depreciation of $0.8 million. During the year ended December 31, 2019, the Company disposed of purchased software, including capitalized software development costs, computer hardware, furniture and office equipment and leasehold improvements with a cost of $10.0 million and accumulated depreciation of $9.6 million resulting in a $0.4 million loss in the consolidated statements of operations for the year ended December 31, 2019 related to these disposals.