Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following as of December 31 (in thousands):


	2019		2018
Leasehold improvements	$	37,130	$	9,958
Office furniture and fixtures	4,963		649
Computer hardware	3,365		2,535
Computer software	1,350		1,727
Equipment	72		138
	46,880		15,007
Less: accumulated depreciation	(7,326)		(7,468)
Property and equipment, net	$	39,554	$	7,539

Depreciation and amortization totaled $4.7 million, $2.0 million and $0.9 million for the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2019, we retired $3.2 million of leasehold improvements, $0.9 million of computer hardware, $0.4 million of office furniture and fixtures, $0.4 million of software and $0.1 million of equipment associated with the relocation of our corporate headquarters. During the year ended December 31, 2019, we recorded a loss on disposal of $0.1 million. During the year ended December 31, 2018, we disposed of $0.1 million of fully depreciated computer hardware.

At December 31, 2019, office furniture and fixtures included $3.7 million acquired under finance lease agreements and computer hardware included $0.8 million acquired under finance lease agreements. There were no assets acquired under finance lease agreements as of December 31, 2018. Accumulated depreciation related to office furniture and fixtures and computer hardware acquired under finance leases totaled $0.7 million at December 31, 2019. Amortization of assets acquired under finance leases is included in depreciation and amortization expense.