Property and Equipment, net

9 Months Ended

Sep. 30, 2022

Property and Equipment

Property and Equipment, net

Note 7 – Property and Equipment, net

The following table presents the major classes of property and equipment as of September 30, 2022 and December 31, 2021:

(In thousands)	September 30, 2022		December 31, 2021
Office equipment and software	$	14,606	$	14,327
Leasehold improvements		9,885		10,296
Furniture and fixtures		4,171		4,223
Capitalized software		1,492		—
Total		30,154		28,846
Accumulated depreciation		(19,358)		(18,089)
Property and equipment, net	$	10,796	$	10,757

Depreciation expense was $0.7 million and $2.1 million for the three and nine months ended September 30, 2022, respectively, compared to $0.8 million and $2.3 million for the three and nine months ended September 30, 2021, respectively.