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Fixed Assets and Capitalized Software (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment | The remaining useful lives of fixed assets and capitalized software are reviewed annually for reasonableness. Fixed assets and capitalized software are depreciated on a straight-line basis over the estimated useful lives of the assets, which are presented in the following table:
| Estimated Useful Lives
Buildings and building improvements | 8 - 30 years
Leasehold improvements(1) | 1 - 8 years
Computer and data processing equipment | 3 years
Furniture and fixtures | 7 years
Capitalized software | 1.5 - 5 years
Other | 3 - 7 years
(1) Leasehold improvements are depreciated at the shorter of their estimated useful lives or the lease term. See Note 7, Fixed Assets and Capitalized Software. The following table sets forth the components of the Company's fixed assets and capitalized software:
(in thousands) | December 31, 2024 |  | December 31, 2023
Capitalized software | $ | 187,721 |  |  | $ | 154,590 |
Computer and data processing equipment | 36,224 |  |  | 39,077 |
Other | 1,268 |  |  | 1,314 |
Fixed assets and capitalized software | $ | 225,213 |  |  | $ | 194,981 |
Less: accumulated depreciation and amortization | 180,735 |  |  | 156,382 |
Total fixed assets and capitalized software, net | $ | 44,478 |  |  | $ | 38,599 |
Depreciation and amortization expense associated with the Company's fixed assets and capitalized software was as follows:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Amortization of capitalized software | $ | 30,905 |  |  | $ | 30,087 |  |  | $ | 29,882 |
Depreciation of fixed assets | 5,888 |  |  | 7,709 |  |  | 6,976 |
Total depreciation and amortization expense | $ | 36,793 |  |  | $ | 37,796 |  |  | $ | 36,858 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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