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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
(in thousands)
Estimated Life
(in years)
June 30, 2021December 31, 2020
Office and computer equipment3 – 8 years$11,865 $10,383 
Leasehold improvementsUp to 10 years10,485 10,572 
Furniture and fixtures2 – 8 years3,794 3,794 
Software3 years1,531 1,486 
27,675 26,235 
Less: accumulated depreciation(8,231)(5,568)
Property and equipment, net$19,444 $20,667 
Depreciation expense for the three months ended June 30, 2021, and 2020 totaled $1.3 million and $1.0 million, respectively. Depreciation expense for the six months ended June 30, 2021, and 2020 totaled $2.7 million and $2.0 million, respectively.
We lease various equipment and software under capital leases. The depreciation expense associated with the assets under capital leases for the three months ended June 30, 2021, and 2020 totaled $0.1 million and $0.02 million, respectively. The depreciation expense associated with the assets under capital leases for the six months ended June 30, 2021, and 2020 totaled $0.2 million and $0.03 million, respectively. Assets held under capital leases are included in property and equipment as follows:
(in thousands)June 30, 2021December 31, 2020
Office and computer equipment$1,682 $1,682 
Less: accumulated depreciation(412)(192)
Total financing leases included in property and equipment$1,270 $1,490