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Other Assets, Net
 9 Months Ended
Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets, Net Other Assets, Net
Other assets, net consisted of the following (in thousands):
September 30, 2020December 31, 2019
Assets held in Rabbi Trust$33,001 $35,413 
Right-of-use assets for operating leases, net (1)17,933 18,344 
Capitalized software, net (2)11,955 8,759 
Equity method investment (3)9,432 8,169 
Deferred loan costs, net589 855 
Other non-current assets961 1,298 
Total Other assets, net$73,871 $72,838 
(1) During the three and nine months ended September 30, 2020, we recognized $0.6 million and $1.5 million, respectively, of expense related to impairment of certain ROU assets, which was recorded in SG&A in the accompanying Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income, due to the Firm’s decisions not to reoccupy certain of our leased offices.
(2) Accumulated amortization of capitalized software was $35.0 million and $34.2 million as of September 30, 2020 and December 31, 2019, respectively.
(3) In June 2019, Kforce entered into a joint venture resulting in a 50% noncontrolling interest in WorkLLama, LLC (“WorkLLama”), which is accounted for as an equity method investment. The loss on equity method investment was $0.1 million and $1.2 million for the three and nine months ended September 30, 2020, respectively and was $0.4 million for the three and nine months ended September 30, 2019, respectively. Refer to Note M - “Commitments and Contingencies” for more information on contingencies related to WorkLLama.