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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
(in thousands)
Estimated Life
(in years)
March 31, 2022December 31, 2021
Office and computer equipment
3 – 7 years
$16,399 $14,442 
Leasehold improvements
Up to 10 years
10,542 10,503 
Furniture and fixtures
3 – 7 years
4,064 4,054 
Software
3 – 5 years
2,366 2,277 
33,371 31,276 
Less: accumulated depreciation(12,419)(10,876)
Property and equipment, net$20,952 $20,400 
Depreciation expense for the three months ended March 31, 2022, and 2021 totaled $1.5 million and $1.4 million, respectively.
We lease various equipment and software under finance leases. The depreciation expense associated with the assets under finance leases for the three months ended March 31, 2022, and 2021, totaled $89 thousand and $0.1 million, respectively. Assets held under finance leases are included in property and equipment as follows:
(in thousands)March 31, 2022December 31, 2021
Office and computer equipment$1,682 $1,682 
Less: accumulated depreciation(742)(656)
Total financing leases included in property and equipment$940 $1,026