Property and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Property and Equipment

7. Property and Equipment

As of December 31, 2020 and 2019, property and equipment consisted of the following:

(in thousands)	December 31, 2020			December 31, 2019
Computer equipment	$	15,770		$	23,155
Leasehold improvements		54,079			55,224
Furniture, fixtures, and other assets		10,944			11,411
Gross property and equipment		80,793			89,790
Less: Accumulated depreciation		(61,869	)		(54,718	)
Property and equipment, net	$	18,924		$	35,072

Depreciation expense was $16.2 million, $17.5 million and $19.5 million, during the years ended December 31, 2020, 2019 and 2018, respectively.