PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 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)	June 30, 2022		December 31, 2021
Office and computer equipment	3 – 7 years	$	17,439	$	14,442
Leasehold improvements	Up to 10 years	10,539		10,503
Furniture and fixtures	3 – 7 years	4,065		4,054
Software	3 – 5 years	2,366		2,277
		34,409		31,276
Less: accumulated depreciation		(14,022)		(10,876)
Property and equipment, net		$	20,387	$	20,400

Depreciation expense for the three months ended June 30, 2022, and 2021 totaled $1.6 million and $1.3 million, respectively. Depreciation expense for the six months ended June 30, 2022, and 2021 totaled $3.2 million and $2.7 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 June 30, 2022, and 2021, totaled $0.1 million for each period. The depreciation expense associated with the assets under finance leases for the six months ended June 30, 2022, and 2021, totaled $0.2 million for each period.

Assets held under finance leases are included in property and equipment as follows:

(in thousands)	June 30, 2022		December 31, 2021
Office and computer equipment	$	1,682	$	1,682
Less: accumulated depreciation	(816)		(656)
Total financing leases included in property and equipment	$	866	$	1,026