Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net consist of the following:


	December 31,
	2022		2021
Land	$	2,811	$	2,811
Building and improvements	35,717		35,188
Computer equipment and software	54,636		47,651
Furniture, fixtures, and equipment	14,600		14,274
Aircraft	2,038		4,075
Other	156		61
Property and equipment, at cost	109,958		104,060
Less: Accumulated depreciation	(77,707)		(72,237)
Total property and equipment, net	$	32,251	$	31,823

Depreciation expense for the years ended December 31, 2022, 2021, and 2020 was $10,706, $11,217, and $10,166, 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, net in the consolidated statement of operations for the year ended December 31, 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 year ended December 31, 2022. The Company determined this transaction was with a related party.