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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
Property, equipment and leasehold improvements, net consisted of the following as of the dates indicated:
As of
June 30,December 31,
(in thousands)20242023
Computer & related equipment$172,371 $192,008 
Furniture & fixtures15,764 16,169 
Leasehold improvements56,283 58,582 
Work-in-process3,506 897 
Subtotal247,924 267,656 
Accumulated depreciation and amortization(183,950)(211,736)
Property, equipment and leasehold improvements, net$63,974 $55,920 
Depreciation and amortization expense of property, equipment and leasehold improvements was $4.2 million and $5.2 million for the three months ended June 30, 2024 and 2023, respectively.
Depreciation and amortization expense of property, equipment and leasehold improvements was $8.3 million and $10.7 million for the six months ended June 30, 2024 and 2023, respectively.