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Property and Equipment, net
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
7. Property and Equipment, net

Property and equipment, net consisted of the following as of March 31, 2022 and December 31, 2021 (in thousands):

March 31, 2022December 31, 2021
Leasehold improvements$42,630 $41,005 
Office furniture and fixtures3,259 2,536 
Computer hardware6,577 6,001 
Computer software1,354 1,353 
Equipment179 124 
Property and equipment, gross53,999 51,019 
Less: accumulated depreciation(15,473)(14,106)
Property and equipment, net$38,526 $36,913 

Depreciation expense totaled $1.4 million and $1.2 million for the three months ended March 31, 2022 and 2021, respectively. We had no disposals or retirements and recorded no gains or losses on disposal during each of the three months ended March 31, 2022 and 2021.