Capitalized Software, Furniture, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2024

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,
	2024				2023
		(In thousands)
Software development costs	$		307,722		$	261,850
Computer hardware and related software			50,770			42,913
Office hardware			7,201			7,609
Furniture and fixtures			6,520			6,508
Leasehold improvements			31,386			31,214
			403,599			350,094
Accumulated depreciation and amortization			(296,301	)		(247,423	)
Total	$		107,298		$	102,671

During the years ended December 31, 2024 and 2023, software development costs totaling $49.1 million and $43.1 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.