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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 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)
December 31, 2021December 31, 2020
Office and computer equipment
3 – 8 years
$14,442 $10,383 
Leasehold improvements
Up to 10 years
10,503 10,572 
Furniture and fixtures
2 – 8 years
4,054 3,794 
Software3 years2,277 1,486 
31,276 26,235 
Less: accumulated depreciation(10,876)(5,568)
Property and equipment, net$20,400 $20,667 
Depreciation expense for the year ended December 31, 2021, the year ended December 31, 2020, period from Inception to December 31,2019 (Successor) and period from January 1, 2019 to September 3, 2019 (Predecessor), totaled $5.6 million, $4.2 million, $1.4 million and $2.1 million, respectively.
We lease various equipment and software under capital leases. The depreciation expense associated with the assets under capital leases for the year ended December 31, 2021, the year ended December 31, 2020, period from Inception to December 31,2019 (Successor) and period from January 1, 2019 to September 3, 2019 (Predecessor), totaled $0.4 million, $0.1 million, $0.03 million and $0.02 million, respectively. Assets held under capital leases are included in property and equipment as follows:
(in thousands)December 31, 2021December 31, 2020
Office and computer equipment$1,682 $1,682 
Less: accumulated depreciation(656)(192)
Total financing leases included in property and equipment$1,026 $1,490