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Property, Net
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Net PROPERTY, NET
At December 31, 2024 and 2023, property consisted of the following:
Estimated
Depreciable
Life in Years
December 31,
20242023
Buildings (a)33$11,455 $170,830 
Leasehold improvements (a)
3-20
214,744 233,732 
Furniture and equipment
3-10
165,727 162,075 
Computer software
3-5
67,523 68,638 
Construction in progress33,793 11,788 
Total493,242 647,063 
Less - Accumulated depreciation and amortization (a)332,840 414,547 
Property, net$160,402 $232,516 
________________________
(a)On July 22, 2024, the Company completed the sale of an owned office building, including rights to the operating lease income, for gross proceeds of $194,283. The carrying amount of the property at the time of sale was $72,594. The asset was previously classified as property held for sale. In addition, a $6,550 receivable (included in “other assets”) related to operating lease income on the owned office building was classified as held for sale as of December 31, 2023. The sale resulted in a gain of $114,271, which has been recognized in “revenue-other” on the consolidated statements of operations for the year ended December 31, 2024 and is reported in the Corporate segment.
In the table above, computer software is being reported separately where it was previously included as a component of furniture and equipment. Prior year information has been recast to reflect the updated presentation.