Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021:


	As of December 31,
	2022						2021
(in thousands)	Property and Equipment		Accumulated Depreciation		Property and Equipment, Net		Property and Equipment		Accumulated Depreciation		Property and Equipment, Net
Leasehold improvements	$	4,115	$	(3,358)	$	757	$	4,279	$	(3,074)	$	1,205
Furniture & equipment	5,256		(4,455)		801		5,569		(4,137)		1,432
Computer hardware	60,279		(34,579)		25,700		46,733		(26,776)		19,957
Computer software	40,928		(32,217)		8,711		35,991		(28,477)		7,514
Capitalized software development	473,703		(276,837)		196,866		405,203		(222,073)		183,130
Total Property and Equipment	$	584,281	$	(351,446)	$	232,835	$	497,775	$	(284,537)	$	213,238