PROPERTY, BUILDINGS AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

7. PROPERTY, BUILDINGS AND EQUIPMENT

The following table sets forth the components of property, buildings and equipment:


	As of December 31,
	2022		2021
	(In thousands)
Buildings and leasehold improvements	$	169,461	$	165,691
Furniture, fixtures and equipment	304,650		281,864
Software costs	272,569		250,447
	746,680		698,002
Accumulated depreciation and amortization	(425,782)		(365,345)
	320,898		332,657
Land	24,636		25,600
Construction in progress	57,140		20,755
	$	402,674	$	379,012

Depreciation expense was $47.8 million, $51.4 million and $40.8 million, and capitalized software amortization was $38.3 million, $27.5 million and $14.3 million, in 2022, 2021 and 2020, respectively. As of December 31, 2022 and 2021, unamortized software costs were $89.2 million and $103.4 million, respectively. Furniture, fixtures and equipment include finance leases of $38.8 million and $31.9 million and related accumulated depreciation of $17.1 million and $12.4 million as of December 31, 2022 and 2021, respectively.

The Company capitalizes costs associated with implementing its various cloud computing arrangements. Capitalized implementation costs, which are recorded as a component of other assets in the Consolidated Balance Sheets, were $104.1 million and $39.6 million as of December 31, 2022 and 2021, respectively, and the related accumulated amortization was $6.1 million and $2.0 million, respectively.