Property and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net consist of the following:


	June 30, 2022		December 31, 2021
Land	$	2,811	$	2,811
Building and improvements	36,099		35,188
Computer equipment and software	47,994		47,651
Furniture, fixtures, and equipment	13,980		14,274
Aircraft	2,038		4,075
Other	59		61
Property and equipment, at cost	102,981		104,060
Less: Accumulated depreciation	(73,378)		(72,237)
Total property and equipment, net	$	29,603	$	31,823

Depreciation expense was $2,922 and $2,617 for the three months ended June 30, 2022 and 2021, respectively, and $5,412 and $5,114 for the six months ended June 30, 2022 and 2021, respectively.

Related Party Equipment Sale

In January 2022, the audit committee of the Company’s board of directors authorized the Company to sell 50% of its interest in the Company’s aircraft at fair market value to an entity controlled by the Company’s Chief Executive Officer. The transaction was completed on February 1, 2022 for $2,380 and resulted in a gain of $2,029, which was recorded in Other income (expense), net in the consolidated statement of operations for the six months ended June 30, 2022. Subsequent to the transaction, ongoing operating and fixed costs of the aircraft are shared on a proportional use basis subject to a cost-sharing agreement. Such costs were not material during the six months ended June 30, 2022. Pursuant to FASB Accounting Standards Codification (“ASC”) Topic 850, Related Party Disclosures, the Company determined this transaction was to a related party.