PREMISES AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following:

(in thousands)	September 30, 2022		December 31, 2021
Computer hardware and software	$	49,339	$	50,452
Leasehold improvements	5,848		5,927
Furniture and fixtures	3,840		4,441
Office equipment and other	440		811
	59,467		61,631
Less: Accumulated depreciation and amortization	(54,497)		(54,758)
Total	$	4,970	$	6,873

Depreciation and amortization expense amounted to $2.7 million and $3.5 million for the nine months ended September 30, 2022 and 2021, respectively ($0.9 million and $1.1 million for the third quarter of 2022 and 2021, respectively), and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the accompanying condensed consolidated statements of operations and comprehensive loss.