XML 29 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

						December 31,
						2023						2022
Furniture and equipment						$	91,061					$	93,818
Computer software						6,759						6,837
Software development						165,119						147,424
Leasehold improvements						29,180						29,150
Work in progress						13,042						12,929
Property and equipment						305,161						290,158
Accumulated depreciation and amortization						(234,352)						(197,269)
Property and equipment, net						$	70,809					$	92,889

The Company recorded $41.3 million, $42.0 million and $35.0 million of depreciation and amortization expense related to property and equipment for the years ended December 31, 2023, 2022 and 2021, respectively. During the years ended December 31, 2023, 2022 and 2021 charges of $1.4 million, $12.6 million and zero, respectively, were recorded for losses on fixed assets due to branch consolidation efforts. These charges are included in general and administrative expenses on the consolidated statements of operations.

Capitalized computer software development costs consist of the following:

						December 31,
						2023						2022
Cost						$	165,119					$	147,424
Accumulated amortization						(122,861)						(95,777)
Software development, net						$	42,258					$	51,647

The Company recorded $27.7 million, $20.4 million and $11.5 million of amortization expense related to software development for the years ended December 31, 2023, 2022 and 2021, respectively.

Future computer software development amortization for the remaining years:

Year ending December 31,
2024			$	25,615
2025			13,990
2026			2,653
Total			$	42,258

X

- References

No definition available.

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for intangible assets and long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//360/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration