Furniture, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following as of December 31, 2023 and 2022:

	December 31,
	2023		2022
Furniture and Equipment	$	97,822	$	89,208
Leasehold Improvements	203,060		187,045
Computer and Technology-related	49,987		54,092
Total	350,869		330,345
Less: Accumulated Depreciation and Amortization	(212,929)		(187,077)
Furniture, Equipment and Leasehold Improvements, Net	$	137,940	$	143,268

Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $24,348, $27,377 and $27,737 for the years ended December 31, 2023, 2022 and 2021, respectively.

Other Assets on the Consolidated Statements of Financial Condition includes capitalized costs associated with cloud computing arrangements of $17,044 and $11,437 as of December 31, 2023 and 2022, respectively. Amortization expense for capitalized costs associated with cloud computing arrangements was $2,631, $1,670 and $1,245 for the years ended December

31, 2023, 2022 and 2021, respectively, included within Communications and Information Services on the Consolidated Statements of Operations.