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v3.22.1

Other Assets, Net | 3 Months Ended
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Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets, Net | Other Assets, Net Other assets, net consisted of the following (in thousands):
| March 31, 2022 |  | December 31, 2021
Assets held in Rabbi Trust | $ | 38,213 |  |  | $ | 41,607 |
Right-of-use assets for operating leases, net | 13,376 |  |  | 15,395 |
Capitalized software, net (1) | 14,796 |  |  | 14,666 |
Equity method investment (2) | 16,683 |  |  | 17,008 |
Deferred loan costs, net | 1,057 |  |  | 1,115 |
Interest rate swap derivative instruments | 3,905 |  |  | 823 |
Other non-current assets | 4,384 |  |  | 2,015 |
Total Other assets, net | $ | 92,414 |  |  | $ | 92,629 |
(1) Accumulated amortization of capitalized software was $35.4 million and $35.5 million as of March 31, 2022 and December 31, 2021, respectively. (2) In June 2019, Kforce entered into a joint venture resulting in a 50% noncontrolling interest in WorkLLama, LLC (“WorkLLama”), which is accounted for as an equity method investment. The loss on this WorkLLama investment was $0.8 million and $0.5 million for the three months ended March 31, 2022, and March 31, 2021, respectively. In addition, Kforce contributed $0.5 million and $9.0 million of capital during the three months ended March 31, 2022 and the year ended December 31, 2021, respectively. Refer to Note K - “Commitments and Contingencies” for more information on contingencies related to WorkLLama.

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