Fixed and Intangible Assets

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

FIXED AND INTANGIBLE ASSETS

Equipment and leasehold improvements, net consists of the following:


	December 31,		December 31,
	2023		2022
Office equipment	$	18,931	$	16,157
Furniture and fixtures		16,143		14,386
Leasehold improvements		69,910		61,293
Construction in progress		1,714		1,438
Total		106,698		93,274
Less: Accumulated depreciation and amortization		(42,895)		(36,122)
Equipment and leasehold improvements, net	$	63,803	$	57,152

Depreciation and amortization expenses for fixed assets totaled $8,317, $7,975 and $7,242 for the years ended December 31, 2023, 2022 and 2021, respectively.

As of December 31, 2023 and December 31, 2022, there were $1,151 and $1,639 of costs capitalized, net of $1,720 and $1,232 of accumulated amortization, respectively, within prepaid expenses and other assets on our consolidated statements of financial position related to the implementation of cloud computing arrangements. The amortization expense of the capitalized costs was $488 for each of the years ended December 31, 2023, 2022 and 2021. The amortization expense was recorded within communication, technology and information services on the consolidated statements of operations.

During the year ended December 31, 2023, the Company recognized impairment charges of $558 on certain leasehold improvements. See Note 12 for further details.