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Other Assets, Net
12 Months Ended
Dec. 31, 2023
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,
20232022
Assets held in Rabbi Trust$40,389 $31,976 
ROU assets for operating leases, net14,368 17,102 
Capitalized software, net (1)16,434 16,149 
Deferred loan costs, net658 881 
Note Receivable, net (2)— 4,825 
Other non-current assets4,075 4,838 
Total Other assets, net$75,924 $75,771 
(1) Accumulated amortization of capitalized software was $37.6 million and $36.6 million as of December 31, 2023 and 2022, respectively.
(2) During the year ended December 31, 2022, Kforce executed the Note Receivable with our joint venture that amounted to $6.75 million and recorded a reserve of $1.9 million on the Note Receivable. In February 2023, Kforce sold our 50% noncontrolling interest in our joint venture and settled the outstanding balance of the Note Receivable. Refer to Note 1 - “Summary of Significant Accounting Policies” for more details on the Note Receivable issued to our joint venture.