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Fixed Assets, Net | 3 Months Ended
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Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
Fixed Assets, Net | Fixed Assets, Net Fixed assets, net consisted of the following (in thousands):
| March 31, 2023 |  | December 31, 2022
Leasehold improvements, furniture and fixtures, and other fixed assets | $ | 225,162 |  |  | $ | 207,020 |
Software, including software development costs | 50,707 |  |  | 48,112 |
Computer and communications equipment | 32,750 |  |  | 31,586 |
Total, cost | 308,619 |  |  | 286,718 |
Accumulated depreciation and amortization | (137,705) |  |  | (131,079) |
Total, net | $ | 170,914 |  |  | $ | 155,639 |
Depreciation expense for the three months ended March 31, 2023 and 2022 was $9.2 million and $6.7 million, respectively. Newmark recorded an impairment charge of $0.9 million and $0.0 million for the three months ended March 31, 2023 and 2022, respectively. 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, 2023 and 2022 were $2.9 million and $0.3 million, respectively. Amortization of software development costs totaled $0.6 million and $0.3 million for the three months ended March 31, 2023 and 2022, 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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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