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Property, Equipment and Capitalized Software
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Equipment and Capitalized Software Property, Equipment and Capitalized Software
Property, equipment and capitalized software consisted of the following at December 31, 2025 and December 31, 2024:
    
(in thousands)December 31, 2025December 31, 2024
Capitalized software costs$180,937 $131,876 
Leasehold improvements22,364 21,143 
Furniture and equipment330,079 318,598 
Total533,380 471,617 
Less: Accumulated depreciation and amortization(437,002)(380,202)
Total property, equipment and capitalized software, net$96,378 $91,415 
    
Depreciation expense for property and equipment for the years ended December 31, 2025, 2024, and 2023 was approximately $19.7 million, $24.5 million, and $25.6 million, respectively, and is included within depreciation and amortization expense in the Consolidated Statements of Comprehensive Income.

The Company’s capitalized software development costs were approximately $46.5 million, $44.7 million, and $40.4 million for the years ended December 31, 2025, 2024, and 2023, respectively. The related amortization expense was approximately $44.7 million, $41.3 million, and $37.7 million for the years ended December 31, 2025, 2024, and 2023, respectively, and is included within Depreciation and amortization in the Consolidated Statements of Comprehensive Income.