Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consisted of the following at December 31:

(in thousands)	Estimated Useful Life			2020		2019
Computer Software and Hardware	1	to	7 years	$	94,662	$	87,443
Leasehold Improvements	Up to term of lease			39,546		35,348
Transportation Equipment	12 years			17,851		17,851
Office Furniture and Equipment	4	to	15 years	6,868		5,849
Total Cost				158,927		146,491
Accumulated Depreciation				(106,317)		(94,766)
Property and Equipment, net				$	52,610	$	51,725

Depreciation expense was $16.0 million, $16.5 million and $12.9 million for the years ended December 31, 2020, 2019 and 2018, respectively, and was recorded in Office and Occupancy expense on the Consolidated Statements of Income.