PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following (in millions):


	December 31,
	2023		2022
Leasehold improvements	$	87.8	$	108.9
Furniture, office equipment and vehicles	73.4		52.6
Computer hardware and software	56.3		43.8
Aircrafts	44.2		44.2
Land	52.2		52.2
Buildings	263.8		105.1
Property and equipment, gross	577.7		406.8
Accumulated depreciation and amortization	(105.5)		(85.5)
Property and equipment, net	$	472.2	$	321.3

Costs capitalized in connection with the expansion of our Richmond, Virginia campus were included in Buildings in the above table as of December 31, 2023. Depreciation expense for property and equipment was approximately $33.8 million, $29.1 million and $29.0 million, for the years ended December 31, 2023, 2022 and 2021, respectively. For the years ended December 31, 2023 and 2022, the Company removed $14.1 million and $27.6 million, respectively, of property and equipment that was fully depreciated from property and equipment, gross and accumulated depreciation and amortization, which had no net impact on the Company's financial results.

In August 2022, the Company entered into an agreement to sell an aircraft subject to customary condition and inspection terms. The sale of the aircraft closed in October 2022 for cash consideration of $24.9 million. The Company recorded a gain on the sale of the aircraft of $3.3 million, which was recorded to general and administrative expenses in the consolidated statements of operations. The aircraft related to the North America segment.