Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consisted of the following:

		As of December 31,
	Useful Life	2021		2022
		(in thousands)
Land	—	$	8,952	$	8,798
Building and building improvements	15 - 39 years	51,936		50,589
Leasehold improvements	up to 15 years	30,342		37,157
Office equipment	5 years	1,139		1,461
Computer equipment	3 - 5 years	22,509		23,658
Furniture and fixtures	5 - 7 years	15,433		17,924
Other capital assets	5 years	168		168
Software development	3 - 5 years	79,088		74,314
Program development	3 years	11,062		11,631
		220,629		225,700
Accumulated depreciation and amortization		118,212		124,808
		$	102,417	$	100,892

    The Company disposed of long-lived assets resulting in a loss of $0.9 million, $1.3 million, and $1.2 million during the years ended December 31, 2020, 2021, and 2022, 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, 2021, and 2022, the APUS Segment sold certain excess real property located in Charles Town, West Virginia, for a net sales price of $0.8 million, $0.7 million, and $0.8 million, respectively, resulting in a loss on disposals of long-lived assets of $0.4 million, $0.5 million, and $0.4 million, respectively. The loss is included in loss on disposals of long-lived assets in these Consolidated Financial Statements.

During the years ended December 31, 2020, 2021, and 2022, the Company recorded depreciation expense of $13.0 million, $12.7 million and $16.2 million, respectively.