Fixed and Intangible Assets

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Fixed and Intangible Assets

4.FIXED AND INTANGIBLE ASSETS

Equipment and leasehold improvements, net consists of the following:

	June 30,		December 31,
	2022		2021
Office equipment	$	15,417	$	15,883
Furniture and fixtures		14,432		14,303
Leasehold improvements		61,517		61,054
Total		91,366		91,240
Less accumulated depreciation and amortization		(33,290)		(32,077)
Equipment and leasehold improvements, net	$	58,076	$	59,163

Depreciation and amortization expenses for fixed assets totaled $1,841 and $1,637 for the three months ended June 30, 2022 and 2021, respectively, and $3,880 and $3,086 for the six months ended June 30, 2022 and 2021, respectively.

As of June 30, 2022 and December, 31, 2021, there were $1,883 and $2,127 of costs capitalized, net of $988 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 June 30, 2022 and 2021, and $244 for each of the six months ended June 30, 2022 and 2021. The amortization expense was recorded within communication, technology and information services on the condensed consolidated statements of operations.