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Fixed Assets, Net | 3 Months Ended
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Mar. 31, 2021
Property, Plant and Equipment [Abstract] |
Fixed Assets, Net | Fixed Assets, Net Fixed assets, net consisted of the following (in thousands):
| March 31, 2021 |  | December 31, 2020
Leasehold improvements, furniture and fixtures, and other fixed assets | $ | 148,709 |  |  | $ | 126,428 |
Software, including software development costs | 31,691 |  |  | 30,928 |
Computer and communications equipment | 26,396 |  |  | 26,168 |
Total, cost | 206,796 |  |  | 183,524 |
Accumulated depreciation and amortization | (91,344) |  |  | (87,157) |
Total, net | $ | 115,452 |  |  | $ | 96,367 |
Depreciation expense for the three months ended March 31, 2021 and 2020 was $4.3 million and $4.9 million, respectively. Newmark did not record impairment for the three months ended March 31, 2021. For the three months ended March 31, 2020, Newmark recorded an impairment charge of $0.3 million. The impairment charge is included as a part of “Depreciation and amortization” on the accompanying unaudited condensed consolidated statements of operations. Capitalized software development costs for the three months ended March 31, 2021 and 2020 was $0.6 million and $1.3 million, respectively. Amortization of software development costs totaled $0.3 million and $0.3 million for the three months ended March 31, 2021 and 2020, respectively. Amortization of software development costs is included as part of “Depreciation and amortization” on the accompanying unaudited condensed consolidated statements of operations.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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