XML 30 R15.htm IDEA: XBRL DOCUMENT v3.22.4
Other Assets, Net
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets, Net
7. Other Assets, Net
Other assets, net consisted of the following (in thousands):
DECEMBER 31,
20222021
Assets held in Rabbi Trust$31,976 $41,607 
ROU assets for operating leases, net17,102 15,395 
Capitalized software, net (2)16,149 14,666 
Deferred loan costs, net881 1,115 
Note Receivable, net (3)4,825 — 
Equity method investment (1)— 17,008 
Other non-current assets4,838 2,838 
Total Other assets, net$75,771 $92,629 
(1) In December 2022, management determined there was an other than temporary impairment related to the equity method investment. Refer to Note 1 - “Summary of Significant Accounting Policies” for more information on our equity method investment.
(2) Accumulated amortization of capitalized software was $36.6 million and $35.5 million as of December 31, 2022 and 2021, respectively.
(3) During the year ended December 31, 2022, Kforce executed the Note Receivable with our joint venture that amounted to $6.75 million. For the year ended December 31, 2022, we recorded a reserve of $1.9 million on the Note Receivable. Refer to Note 1 - “Summary of Significant Accounting Policies” for more details on the Note Receivable issued to our joint venture.