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Fixed and Intangible Assets
6 Months Ended
Jun. 30, 2020
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,

 

 

 

2020

 

 

2019

 

Office equipment

 

$

 

11,808

 

 

$

 

13,593

 

Furniture and fixtures

 

 

 

5,032

 

 

 

 

5,054

 

Leasehold improvements

 

 

 

15,189

 

 

 

 

15,294

 

Construction in progress

 

 

 

23,764

 

 

 

 

2,108

 

Total

 

 

 

55,793

 

 

 

 

36,049

 

Less accumulated depreciation and amortization

 

 

 

(22,415

)

 

 

 

(22,057

)

Equipment and leasehold improvements, net

 

$

 

33,378

 

 

$

 

13,992

 

 

Depreciation and amortization expenses for fixed assets totaled $1,076 and $1,290 for the three months ended June 30, 2020 and 2019, respectively, and $2,275 and $2,445 for the six months ended June 30, 2020 and 2019, respectively.

 

As of June 30, 2020, there were $1,512 of costs capitalized within prepaid expenses and other assets on our condensed consolidated statement of financial position related to the implementation of cloud computing arrangements. The amortization expense of the capitalized costs was $14 for the three and six months ended June 30, 2020, and was recorded within communication, technology and information services on the condensed consolidated statement of operations.