Other Assets, Net (Tables)

9 Months Ended

Sep. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of other assets, net

Other assets, net consisted of the following (in thousands):

	September 30, 2021		December 31, 2020
Assets held in Rabbi Trust	$	39,418	$	36,164
Right-of-use assets for operating leases, net	16,351		16,835
Capitalized software, net (1)	15,243		12,802
Equity method investment (2)	15,779		10,488
Deferred loan costs, net	236		501
Other non-current assets	1,038		785
Total Other assets, net	$	88,065	$	77,575

(1) Accumulated amortization of capitalized software was $35.2 million and $34.0 million as of September 30, 2021 and December 31, 2020, respectively.

(2) 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 this WorkLLama investment was $0.7 million and $1.7 million for the three and nine months ended September 30, 2021, respectively. In addition, Kforce contributed $7.0 million and $4.0 million of capital during the nine months ended September 30, 2021 and the year ended December 31, 2020, respectively. Refer to Note M - “Commitments and Contingencies” for more information on contingencies related to WorkLLama.