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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2020
Property and Equipment  
Property and Equipment

Property and equipment consist of the following (in thousands):

As of December 31, 

Depreciable Life

2020

2019

Leasehold improvements

Shorter of estimated useful life or life of lease

$

4,707

$

3,327

Office furniture, fixtures and equipment

2 - 10 years

17,896

17,057

Total property and equipment

22,603

20,384

Less accumulated depreciation

(14,731)

(14,940)

Total property and equipment, net

$

7,872

$

5,444