Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, NetDepreciation expense for property and equipment was $11.0 million, $12.2 million, and $13.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. During the years ended December 31, 2021, 2020 and 2019, we recognized an additional $0.4 million, $0.6 million, and $0.5 million, respectively, of accelerated depreciation expense for fixed assets related to vacated office spaces. This accelerated depreciation expense is included as a component of restructuring charges. See Note 11 “Restructuring Charges” for additional

information on our restructuring charges incurred in 2021, 2020 and 2019. Property and equipment, net at December 31, 2021 and 2020 consisted of the following:


	As of December 31,
	2021		2020
Computers, related equipment, and software	$	33,682	$	27,943
Leasehold improvements	40,336		39,952
Furniture and fixtures	12,023		14,126
Aircraft	6,800		7,667
Assets under construction	1,113		502
Property and equipment	93,954		90,190
Accumulated depreciation and amortization	(62,950)		(61,097)
Property and equipment, net	$	31,004	$	29,093

In the first quarter of 2022, we completed the sale of the aircraft to a third-party. As a result of the sale, we no longer own any aircraft.