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Fixed Assets
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Fixed Assets Fixed Assets
The following table presents the components of fixed assets:
 December 31,
 20242023
 (Amounts in thousands)
Land$6,665 $9,713 
Buildings and improvements35,602 65,408 
Furniture and equipment29,291 31,073 
Capitalized software386,116 344,654 
Leasehold improvements1,957 2,892 
459,631 453,740 
Less: accumulated depreciation and amortization(321,454)(302,557)
Fixed assets, net$138,177 $151,183 

Depreciation expense, including amortization of leasehold improvements, was $37.4 million, $33.8 million, and $34.3 million for 2024, 2023, and 2022, respectively.
An office building located in Oklahoma City, Oklahoma was classified as a property held for sale at April 30, 2024, and a loss of $1.0 million was recognized as a result of the held-for-sale classification. The Company completed the sale of this property in September 2024 for a total sale price of $3.6 million, and recognized an additional loss of $0.1 million at closing of the sale. Losses recognized at the held-for-sale classification and closing of the sale are included in other revenues in the Company's consolidated statements of operations for the year ended December 31, 2024.
The Company completed the sale of another office building located in Brea, California in September 2024 for a total sale price of $31.5 million, and recognized a gain of $20.3 million associated with the sale, which is included in other revenues in the Company's consolidated statements of operations for the year ended December 31, 2024. $21.4 million of the total sale price was received in the form of a promissory note. $9.3 million of the total sale price, after settlement of selling expenses and outstanding amounts due on the property, was received in cash. Only the cash received on the sale of the property is included in the Company's consolidated statements of cash flows for the year ended December 31, 2024. The note receivable is secured by the property sold and bears interest at an annual rate of 7.0%. The term of the note receivable is 4 years and interest is paid in quarterly installments.
An office building located in Folsom, California was classified as a property held for sale at June 30, 2024, and $10.0 million of the property held for sale is included in other assets in the Company's consolidated balance sheets at
December 31, 2024. A loss of $5.4 million recognized as a result of the held-for-sale classification is included in other revenues in the Company's consolidated statements of operations for the year ended December 31, 2024.
In addition, a parcel of land located in Rancho Cucamonga, California was classified as a property held for sale at June 30, 2024, and $1.7 million of the property held for sale is included in other assets in the Company's consolidated balance sheets at December 31, 2024.