XML 29 R15.htm IDEA: XBRL DOCUMENT v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment.
Net property and equipment consisted of the following (in millions):
December 31,
 20252024
Computer hardware and software$209.2 $198.2 
Furniture, fixtures and equipment41.0 36.0 
Leasehold improvements25.6 25.8 
Work-in-progress5.6 13.3 
 281.4 273.3 
Accumulated depreciation(196.9)(190.7)
$84.5 $82.6 

The Company has capitalized costs related to its various technology initiatives. At December 31, 2025, the net book value of computer software was $46.0 million, which included work-in-progress of $3.3 million. At December 31, 2024, the net book value of computer software was $49.0 million, which included work-in-progress of $12.7 million.
The following table summarizes the presentation of depreciation expense within the accompanying consolidated statements of operations and comprehensive income (in millions).
 Year Ended December 31,
 202520242023
SG&A expenses$35.9 $30.5 $26.5 
Costs of services2.1 2.0 1.4 
$38.0 $32.5 $27.9