XML 23 R12.htm IDEA: XBRL DOCUMENT v3.22.1
Other Assets, Net
 3 Months Ended
Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets, Net Other Assets, Net
Other assets, net consisted of the following (in thousands):
March 31, 2022December 31, 2021
Assets held in Rabbi Trust$38,213 $41,607 
Right-of-use assets for operating leases, net13,376 15,395 
Capitalized software, net (1)14,796 14,666 
Equity method investment (2)16,683 17,008 
Deferred loan costs, net1,057 1,115 
Interest rate swap derivative instruments3,905 823 
Other non-current assets4,384 2,015 
Total Other assets, net$92,414 $92,629 
(1) Accumulated amortization of capitalized software was $35.4 million and $35.5 million as of March 31, 2022 and December 31, 2021, 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 $0.8 million and $0.5 million for the three months ended March 31, 2022, and March 31, 2021, respectively. In addition, Kforce contributed $0.5 million and $9.0 million of capital during the three months ended March 31, 2022 and the year ended December 31, 2021, respectively. Refer to Note K - “Commitments and Contingencies” for more information on contingencies related to WorkLLama.