Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2022

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,
	2022		2021
Software	$	58,079	$	57,463
Computer equipment		15,649		15,425
Leasehold improvements		8,264		8,264
Other equipment		3,132		3,132
Furniture and fixtures		4,346		4,346
Total cost		89,470		88,630
Less accumulated depreciation and amortization		71,342		65,188
Equipment and leasehold improvements, net	$	18,128	$	23,442

Depreciation and amortization expense for the years ended December 31, 2022, 2021, and 2020 was $7,876, $6,896 and $7,526, respectively and is included in underwriting, operating and related expenses.