Fixed Assets

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Fixed Assets

Fixed Assets

Fixed assets consisted of the following at December 31 (in millions):

	2024		2023
Leasehold improvements	$	28.5	$	30.0
Office equipment	8.7		9.5
Furniture and fixtures	6.3		6.2
Software and web development	111.1		118.0
Fixed assets, at cost	154.6		163.7
Accumulated depreciation and amortization	(118.9)		(119.5)
Fixed assets, net	$	35.7	$	44.2

Depreciation and amortization expense was $18.5 million, $17.3 million and $18.5 million for the years ended December 31, 2024, 2023 and 2022, respectively.

During the year ended December 31, 2024 and 2023, the Company disposed of property, plant, and equipment with a cost basis of $19.0 million and $4.4 million, respectively, and accumulated depreciation of $(19.0) million and $(4.4) million, respectively. These disposals included leasehold improvements, office equipment, furniture and fixtures and software. There were no gains or losses on disposals recorded during the year ended December 31, 2024 and 2023