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Other Assets, Net
6 Months Ended
Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets, Net Other Assets, Net
Other assets, net consisted of the following (in thousands):
June 30, 2022December 31, 2021
Assets held in Rabbi Trust$31,874 $41,607 
Right-of-use assets for operating leases, net11,889 15,395 
Capitalized software, net (1)15,572 14,666 
Equity method investment (2)15,668 17,008 
Deferred loan costs, net998 1,115 
Interest rate swap derivative instruments— 823 
Other non-current assets (3)6,686 2,015 
Total Other assets, net$82,687 $92,629 
(1) Accumulated amortization of capitalized software was $35.9 million and $35.5 million as of June 30, 2022 and December 31, 2021, respectively.
(2) In June 2019, Kforce entered into a joint venture resulting in a 50% noncontrolling interest in WorkLLama, LLC (“WorkLLama”), which is accounted for as an equity method investment. The loss on this WorkLLama investment was $1.0 million and $1.8 million for the three months and six months ended June 30, 2022, respectively. In addition, Kforce contributed $0.5 million and $9.0 million of capital during the six months ended June 30, 2022 and the year ended December 31, 2021, respectively. Refer to Note L - “Commitments and Contingencies” for more information on contingencies related to WorkLLama.
(3)I Balance at June 30, 2022 Includes a promissory note receivable issued to WorkLLama for $2.0 million.