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Fixed Assets
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Fixed Assets

NOTE 9 – Fixed Assets

The following is a summary of fixed assets as of December 31, 2021 and 2020 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Office equipment

 

$

354,292

 

 

$

323,841

 

Leasehold improvements

 

 

113,576

 

 

 

105,187

 

Building

 

 

65,327

 

 

 

62,803

 

 

 

 

533,195

 

 

 

491,831

 

Accumulated depreciation and amortization

 

 

(364,989

)

 

 

(323,916

)

 

 

$

168,206

 

 

$

167,915

 

For the years ended December 31, 2021, 2020, and 2019, depreciation and amortization totaled $45.6 million, $40.9 million, and $38.4 million, respectively.

In July 2021, the Company purchased three commercial aircraft under lease to a domestic carrier, for a total purchase price of $145.9 million. In December 2021, the Company sold the aircraft with a net book value of $143.9 million and recognized a gain from the sale of $4.5 million, which is included in other income in the consolidated statement of operations. Lease income, included in other income in the consolidated statements of operations, was $4.9 million for year ended December 31, 2021.