Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:


		As of December 31,
	Useful Life	2020		2021
		(in thousands)
Land	—	$	9,019	$	8,952
Building and building improvements	15 - 39 years	53,309		51,936
Leasehold improvements	up to 15 years	1,569		30,342
Office equipment	5 years	587		1,139
Computer equipment	3 - 5 years	20,227		22,509
Furniture and fixtures	5 - 7 years	8,447		15,433
Other capital assets	5 years	150		168
Software development	3 - 5 years	89,320		79,088
Program development	3 years	13,370		11,062
		195,998		220,629
Accumulated depreciation and amortization		127,564		118,212
		$	68,434	$	102,417

The Company disposed of long-lived assets resulting in a loss of $0.6 million, $0.9 million, and $1.3 million during the years ended December 31, 2019, 2020, and 2021, respectively. The disposals and losses were primarily related to assets no longer in use. The losses on long-lived assets are included as loss on disposals of long-lived assets in these Consolidated Financial Statements.

For the years ended December 31, 2020 and 2021, the Company’s APUS Segment sold certain excess real property located in Charles Town, West Virginia, for a net sales price of $0.8 million and $0.7 million, respectively, resulting in a loss on disposals of long-lived assets of $0.4 million and $0.5 million, respectively. The loss was included in loss on disposals of long-lived assets in these Consolidated Financial Statements.

During the years ended December 31, 2019, 2020, and 2021, the Company recorded depreciation expense of $15.3 million, $13.0 million and $12.7 million, respectively.