Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment, net consist of the following:


	December 31,
	2021		2020
Land	$	2,811	$	2,811
Building and improvements	35,188		33,094
Computer equipment and software	47,651		44,369
Furniture, fixtures, and equipment	14,274		12,849
Aircraft	4,075		4,075
Other	61		58
Property and equipment, at cost	104,060		97,256
Less: Accumulated depreciation	(72,237)		(68,842)
Total property and equipment, net	$	31,823	$	28,414

Depreciation expense for the years ended December 31, 2021, 2020, and 2019 was $11,217, $10,166, and $9,813, respectively.

Related Party Equipment Sale Subsequent to December 31, 2021

In January 2022, the audit committee of the Company’s board of directors authorized the Company to sell 50% of its interest in the Company’s aircraft at fair market value to an entity controlled by the Company’s Chief Executive Officer. The transaction was completed on February 1, 2022 for $2,380 and resulted in a gain of $2,029. Ongoing operating and fixed costs of the aircraft will be shared on a proportional use basis subject to a cost-sharing agreement. Pursuant to FASB ASC Topic 850, Related Party Disclosures, the Company determined this transaction was to a related party.