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Property and Equipment, Net
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
9.
Property and Equipment, Net

Property and equipment consisted of the following at September 30, 2024 and December 31, 2023 (in thousands):

 

 

 

September 30, 2024

 

 

December 31, 2023

 

 

Useful life
(years)

Buildings and leasehold improvements

 

$

103,124

 

 

$

102,372

 

 

1-15

Furniture and equipment

 

 

82,533

 

 

 

84,244

 

 

3-10

Computer systems and equipment

 

 

172,069

 

 

 

168,926

 

 

3-10

Construction equipment

 

 

6,242

 

 

 

6,173

 

 

5-7

Construction in progress

 

 

25,227

 

 

 

21,030

 

 

 

 

 

 

389,195

 

 

 

382,745

 

 

 

Accumulated depreciation

 

 

(288,002

)

 

 

(283,788

)

 

 

Property and equipment, net

 

$

101,193

 

 

$

98,957

 

 

 

 

Depreciation expense for the three months ended September 30, 2024 and September 30, 2023 was $9.5 million and $10.2 million, respectively and $28.0 million and $29.1 million for the nine months ended September 30, 2024 and September 30, 2023, respectively.