XML 26 R13.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
6. Property and Equipment, net

Property and equipment, net consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):

As of
March 31, 2024December 31, 2023
Leasehold improvements$54,148 $53,313 
Office furniture and fixtures4,437 3,825 
Computer software and hardware
10,378 10,491 
Internally developed software
306 — 
Equipment193 194 
Property and equipment, gross69,462 67,823 
Less: accumulated depreciation(26,904)(25,141)
Property and equipment, net$42,558 $42,682 
Depreciation expense totaled $2.0 million for each of the three months ended March 31, 2024 and 2023. We had no disposals or retirements during the three months ended March 31, 2024 and disposed of $1.4 million worth of fully depreciated property and equipment during the three months ended March 31, 2023.