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Property and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

8. Property and Equipment

Property and equipment and their general useful lives as of December 31, 2023 and 2022 consists of the following:

 

 

 

 

December 31,

 

 

 

Useful Life

 

2023

 

 

2022

 

Land

 

Indefinite

 

$

37,364

 

 

$

37,364

 

Office equipment

 

5 Years

 

 

2,799

 

 

 

2,125

 

Computer equipment

 

5 Years

 

 

19,473

 

 

 

18,401

 

Computer software

 

3 Years

 

 

4,070

 

 

 

3,254

 

Furniture

 

7 Years

 

 

7,388

 

 

 

7,388

 

Headquarters facilities

 

25 - 35 Years

 

 

67,384

 

 

 

67,384

 

Leasehold improvements

 

Shorter of lease term or useful life

 

 

7,076

 

 

 

7,060

 

Total property and equipment

 

 

 

 

145,554

 

 

 

142,976

 

Less: Accumulated depreciation and amortization

 

 

 

 

(44,569

)

 

 

(39,084

)

Total property and equipment, net of accumulated depreciation and amortization

 

 

 

$

100,985

 

 

$

103,892

 

Depreciation and amortization expense charged against property and equipment was $5,917, $6,081, and $6,633 for the three years ended December 31, 2023, 2022, and 2021, respectively. Depreciation and amortization expense associated with finance leases was $1,976, $2,469, and $3,352 for the three years ended December 31, 2023, 2022, and 2021, respectively.

Impairment Loss and Write-off

As described in Note 10, the Company recognized accelerated depreciation of $77 on leasehold improvements in connection with the abandonment of an operating ROU asset during the year ended December 31, 2022. This loss is reported in general and administrative expense in the consolidated statements of operations.