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Property and Equipment
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment are recorded at cost and consist of the following:
As of September 30, 2020As of December 31, 2019
 (in thousands)
Computer equipment and software$15,397 $13,106 
Furniture and fixtures8,520 7,522 
Leasehold improvements 47,944 44,050 
Total71,861 64,678 
Less accumulated depreciation(21,556)(14,008)
Property and equipment, net$50,305 $50,670 
Depreciation expense was $2.7 million and $2.5 million for the three months ended September 30, 2020 and 2019, respectively, and $8.1 million and $6.4 million for the nine months ended September 30, 2020 and 2019, respectively.