Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

The Company provides for depreciation and amortization on property and equipment using the straight-line method to allocate the cost of depreciable assets over their estimated lives as follows:


Asset Classification						Estimated Used Life
Leasehold improvements						The shorter of the life of lease or asset life, 5 – 15 years
Furniture and equipment						5 – 7 years
Computer hardware						3 – 5 years
Computer software						3 – 5 years

Property and equipment, net consisted of the following as of December 31, 2020 and 2019:


	As of December 31,
	2020						2019
(in thousands)	Property and Equipment		Accumulated Depreciation		Property and Equipment, Net		Property and Equipment		Accumulated Depreciation		Property and Equipment, Net
Leasehold improvements	$	3,583	$	(2,507)	$	1,076	$	3,569	$	(2,072)	$	1,497
Furniture & equipment	5,719		(3,810)		1,909		5,499		(3,109)		2,390
Computer hardware	45,865		(29,115)		16,750		36,979		(23,174)		13,805
Computer software	33,903		(27,796)		6,107		32,905		(23,055)		9,850
Capitalized software development	341,844		(180,055)		161,789		283,391		(132,941)		150,450
Total Property and Equipment	$	430,914	$	(243,283)	$	187,631	$	362,343	$	(184,351)	$	177,992