Property and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

The components of the Company’s property and equipment are as follows:

	December 31,
	2022		2021
Leasehold improvements	$	40,829	$	42,252
Office furniture, fixtures and equipment	14,322		14,933
Computer equipment and software	30,085		24,293
Property and equipment, gross	85,236		81,478
Accumulated depreciation	(55,029)		(54,393)
Property and equipment, net	$	30,207	$	27,085

Depreciation expense for the years ended December 31, 2022, 2021 and 2020, was $7.4 million, $7.1 million and $8.1 million, respectively.

As part of the Company's 2020 Plan (as defined below), property and equipment located at certain of the Company's offices was abandoned and the useful life of the assets were shortened to correspond with the cease-use date. As a result of the change in the useful life, approximately $0.9 million and $4.2 million of depreciation expense was accelerated and recorded in Restructuring charges in the Consolidated Statements of Comprehensive Income (Loss) and Depreciation and amortization in the Consolidated Statements of Cash Flows for the years ended December 31, 2021 and 2020, respectively.