Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2021

Equipment and Leasehold Improvements

Equipment and Leasehold Improvements

5. Equipment and Leasehold Improvements

The carrying value of equipment and leasehold improvements by classification was as follows for the periods indicated. Equipment and leasehold improvements are included in other assets in the consolidated balance sheets.

	As of December 31,
	2021		2020
Software	$	57,463	$	50,988
Computer equipment		15,425		13,734
Leasehold improvements		8,264		8,264
Other equipment		3,132		3,132
Furniture and fixtures		4,346		4,286
Total cost		88,630		80,404
Less accumulated depreciation and amortization		65,188		58,293
Equipment and leasehold improvements, net	$	23,442	$	22,111

Depreciation and amortization expense for the years ended December 31, 2021, 2020, and 2019 was $6,896, $7,526 and $5,166, respectively and is included in underwriting, operating and related expenses.