Property and Equipment

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

8. Property and Equipment

Property and equipment consisted of the following:

(in thousands)	June 30, 2022			December 31, 2021
Computers and software	$	5,306		$	4,744
Furniture and equipment		1,653			1,580
Leasehold improvements		2,798			3,348
		9,757			9,672
Less: accumulated depreciation and amortization		(4,997	)		(4,603	)
Property and equipment, net	$	4,760		$	5,069

Depreciation and amortization expense associated with property and equipment was $0.8 million and $0.4 million for the three months ended June 30, 2022 and 2021, respectively, and $1.3 million and $0.7 million for the six months ended June 30, 2022 and 2021, respectively. During the three and six months ended June 30, 2022, in relation to our office relocations, the Company recorded an impairment charge of $1.0 million, comprised of $0.9 million relating to the operating lease right-of-use assets, and $0.1 million relating to the leasehold improvements. The Company also recorded accelerated depreciation of computer equipment of $0.2 million. These charges were recognized within Transaction and restructuring expenses in the Company’s condensed consolidated statements of operations. In connection with the office relocations, the Company disposed of $1.0 million of fully-depreciated property and equipment in the second quarter of 2022.