Other Assets

9 Months Ended

Sep. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]


6.			Other Assets

Other assets consist of the following:


	September 30,		December 31,
(in thousands)	2021		2020
Fixed assets
Computer and office equipment	$	12,612	$	11,182
Furniture and fixtures	8,549		11,072
Purchased software	2,046		1,992

Leasehold improvements	20,221		29,543
Total cost	43,428		53,789
Less: Accumulated depreciation	(33,736)		(37,939)
Total fixed assets, net	$	9,692	$	15,850

System development costs:
System development costs	$	75,821	$	55,943
Less: Accumulated amortization	(40,256)		(28,524)
Total system development costs, net	$	35,565	$	27,419


Loans held for sale	2,602		1,158
Prepaid expenses	17,962		17,241
Deferred tax assets	2,018		1,716
Tax assets and other	33,668		18,305
Total other assets	$	101,507	$	81,689

Fixed Assets

Depreciation and amortization expense for the three months ended September 30, 2021 and 2020 was $1.3 million and $2.2 million, respectively, and for the nine months ended September 30, 2021 and 2020 it was $8.7 million, and $7.3 million, respectively. As of September 30, 2021, the Company retired $11.6 million of fixed assets associated with retail locations that were closed as a result of the retail network optimization plan.

System Development Costs

Amortization of system development costs for the three months ended September 30, 2021 and 2020 was $4.4 million and $2.9 million, respectively, and for the nine months ended September 30, 2021 and 2020 they were $11.7 million and $7.6 million, respectively. System development costs capitalized in the three months ended September 30, 2021 and 2020, were $7.5 million and $5.3 million, respectively, and for the nine months ended September 30, 2021 and 2020 they were $19.9 million and $16.4 million, respectively.