Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

The Company provides for depreciation and amortization on property and equipment using the straight-line method to allocate the cost of depreciable assets over their estimated lives as follows:


Asset Classification						Estimated Useful Life
Leasehold improvements						The shorter of the life of lease or asset life, 5 – 15 years
Furniture and equipment						5 – 7 years
Computer hardware						3 – 5 years
Computer software						3 – 5 years

Property and equipment, net consisted of the following as of December 31, 2021 and 2020:


	As of December 31,
	2021						2020
(in thousands)	Property and Equipment		Accumulated Depreciation		Property and Equipment, Net		Property and Equipment		Accumulated Depreciation		Property and Equipment, Net
Leasehold improvements	$	4,279	$	(3,074)	$	1,205	$	3,583	$	(2,507)	$	1,076
Furniture & equipment	5,569		(4,137)		1,432		5,719		(3,810)		1,909
Computer hardware	46,733		(26,776)		19,957		45,865		(29,115)		16,750
Computer software	35,991		(28,477)		7,514		33,903		(27,796)		6,107
Capitalized software development	405,203		(222,073)		183,130		341,844		(180,055)		161,789
Total Property and Equipment	$	497,775	$	(284,537)	$	213,238	$	430,914	$	(243,283)	$	187,631