Fixed and Intangible Assets

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

FIXED AND INTANGIBLE ASSETS

Equipment and leasehold improvements, net consists of the following:


	March 31,		December 31,
	2022		2021
Office equipment	$	15,469	$	15,883
Furniture and fixtures		14,306		14,303
Leasehold improvements		61,705		61,054
Total		91,480		91,240
Less accumulated depreciation and amortization		(31,897)		(32,077)
Equipment and leasehold improvements, net	$	59,583	$	59,163

Depreciation and amortization expenses for fixed assets totaled $2,039 and $1,449 for the three months ended March 31, 2022 and 2021, respectively.

As of March 31, 2022 and December, 31, 2021, there were $2,005 and $2,127 of costs capitalized, net of $866 and $744 of accumulated amortization, respectively, within prepaid expenses and other assets on our condensed consolidated statements of financial condition related to the implementation of cloud computing arrangements. The amortization expense of the capitalized costs was $122 for each of the three months ended March 31, 2022 and 2021, and was recorded within communication, technology and information services on the condensed consolidated statements of operations.