Capitalized Software, Furniture, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Capitalized Software, Furniture, Equipment and Leasehold Improvements

8. Capitalized Software, Furniture, Equipment and Leasehold Improvements

Capitalized software development costs, furniture, equipment and leasehold improvements, net of accumulated depreciation and amortization, are comprised of the following:

		As of December 31,
			2023			2022
		(In thousands)
Software development costs	$		261,850		$	218,848
Computer hardware and related software			42,913			37,614
Office hardware			7,609			8,455
Furniture and fixtures			6,508			6,952
Leasehold improvements			31,214			30,660
			350,094			302,529
Accumulated depreciation and amortization			(247,423	)		(202,273	)
Total	$		102,671		$	100,256

During the years ended December 31, 2023 and 2022, software development costs totaling $43.1 million and $38.7 million, respectively, were capitalized. Non-capitalized software costs and routine maintenance costs are expensed as incurred and are included in employee compensation and benefits and professional and consulting fees in the Consolidated Statements of Operations.