Property and Equipment

9 Months Ended

Sep. 30, 2021

Property Plant And Equipment [Abstract]

Property and Equipment

7. Property and Equipment

As of September 30, 2021 and December 31, 2020, property and equipment consisted of the following:

(in thousands)	September 30, 2021			December 31, 2020
Computer equipment	$	7,990		$	15,770
Leasehold improvements		54,340			54,079
Furniture, fixtures, and other assets		10,587			10,944
Gross property and equipment		72,917			80,793
Less: Accumulated depreciation		(64,721	)		(61,869	)
Property and equipment, net	$	8,196		$	18,924

Depreciation expense was $3.3 million and $10.3 million during the three and nine months ended September 30, 2021, respectively, and $3.9 million and $12.5 million during the three and nine months ended September 30, 2020, respectively.