Property and Equipment, Net

3 Months Ended

Mar. 31, 2020

Property Plant And Equipment [Abstract]

Property and Equipment, Net

(4) Property and Equipment, Net

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

	Useful life		As of			As of
	in years		March 31, 2020			December 31, 2019
Furniture and equipment		5	$	2,107		$	1,785
Leasehold improvements (1)		5		4,672			4,074
System hardware		5		1,589			1,596
Office computers		3		5,803			5,309
Computer and system software		3		1,451			1,451
				15,622			14,215
Less accumulated depreciation and amortization				(8,515	)		(7,931	)
Property and equipment, net			$	7,107		$	6,284

⁽¹⁾ Lesser of the lease term or the estimated useful lives of the improvements, which may be up to 5 years.

Depreciation and amortization expense for property and equipment was $0.6 million and $0.5 million for the three months ended March 31, 2020 and 2019, respectively.