FIXED ASSETS AND INTERNALLY DEVELOPED SOFTWARE, NET

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

FIXED ASSETS AND INTERNALLY DEVELOPED SOFTWARE, NET

FIXED ASSETS AND INTERNALLY DEVELOPED SOFTWARE, NET

Fixed assets and internally developed software, net consisted of the following (in thousands):

	June 30, 2026		December 31, 2025
Fixed assets, net:
Land	$	2,209	$	2,209
Building and improvements	9,373		9,373
Furniture and equipment	151,975		126,086
Leasehold improvements	31,843		31,368
Purchased software	7,522		7,492
Less: Accumulated depreciation and amortization	(138,773)		(129,674)
Total fixed assets, net	$	64,149	$	46,854
Internally developed software, net:
Capitalized internal-use software	$	118,162	$	112,843
Less: Accumulated depreciation and amortization	(81,761)		(76,510)
Total internally developed software, net	$	36,401	$	36,333

Depreciation and amortization expense for fixed assets and internally developed software for the three and six months ended June 30, 2026 was $8.5 million and $16.1 million, respectively, and for the three and six months ended June 30, 2025 was $6.7 million and $12.7 million, respectively.

During the second quarter of 2025, the Company recognized an impairment charge of $0.7 million to building and improvements which was included in general, administrative, and other within operating expenses in the condensed consolidated statement of operations and reported under the Corporate and Other unit (see Note 18 - Segment Reporting). There was no impairment to fixed assets during the six months ended June 30, 2026.