Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives, as follows:
|
|
|
|
|
|
| Furniture and fixtures |
5 years |
| Office equipment |
3 to 5 years |
| Computer equipment |
5 years |
| Computer software |
3 to 5 years | Property and equipment, net consists of (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
| 2025 |
|
2024 |
Leasehold improvements |
$ |
38,420 |
|
|
$ |
36,467 |
|
Computer equipment |
18,996 |
|
|
17,862 |
|
Furniture and fixtures |
9,493 |
|
|
8,374 |
|
Computer software |
3,177 |
|
|
4,128 |
|
Office equipment |
1,060 |
|
|
1,233 |
|
| Assets under construction |
4,707 |
|
|
630 |
|
Total property and equipment |
75,853 |
|
|
68,694 |
|
Less: accumulated depreciation and amortization |
(40,158) |
|
|
(35,951) |
|
Total property and equipment, net |
$ |
35,695 |
|
|
$ |
32,743 |
|
|