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Property and Equipment, Net (Tables)
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

 

 

Useful life

 

As of

 

 

As of

 

 

 

in years

 

September 30, 2022

 

 

December 31, 2021

 

Furniture and equipment

 

5

 

$

2,377

 

 

$

2,530

 

Leasehold improvements (1)

 

9

 

 

7,046

 

 

 

7,842

 

System hardware

 

5

 

 

1,610

 

 

 

1,357

 

Office computers

 

3

 

 

9,866

 

 

 

8,783

 

Computer and system software

 

3

 

 

2,555

 

 

 

2,694

 

 

 

 

 

 

23,454

 

 

 

23,206

 

Less accumulated depreciation and amortization

 

 

 

 

(14,067

)

 

 

(11,021

)

Property and equipment, net

 

 

 

$

9,387

 

 

$

12,185

 

 

(1)
Lesser of the lease term or the estimated useful lives of the improvements, which may be up to 9 years.