Property, Equipment and Software, net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Equipment and Software, Net | Property, Equipment and Software, Net Property, equipment and software, net, consist of the following:
(1) Includes $21.6 million and $13.9 million of development in progress as of June 30, 2021 and December 31, 2020, respectively. Depreciation and amortization expense on property, equipment and software was $9.9 million and $20.1 million for the second quarter and first half of 2021, respectively. Depreciation and amortization expense on property, equipment and software was $11.6 million and $23.4 million for the second quarter and first half of 2020, respectively. The Company recorded impairment expense on its leasehold improvements and furniture and fixtures of $1.5 million for both the second quarter and first half of 2020, respectively. No impairment expense was recorded in the second quarter and first half of 2021. The Company recorded impairment expense on its internally developed software of $0.3 million and $0.6 million for the second quarter and first half of 2021, respectively. The Company recorded impairment expense on its internally developed software of $4.3 million and $4.5 million for the second quarter and first half of 2020, respectively. The Company records the above expenses in “Depreciation and amortization” expense in the Condensed Consolidated Statements of Operations.
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