Fixed Assets and Capitalized Software (Tables)

12 Months Ended

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