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Property and Equipment, Net
6 Months Ended
Jun. 30, 2021
Property and Equipment, Net  
Property and Equipment, Net

6. Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

    

June 30, 

    

December 31, 

2021

2020

Furniture and fixtures

$

8,446

$

7,211

Aircraft

12,720

Leasehold improvements

 

5,928

 

3,543

Total property and equipment, gross

$

27,094

$

10,754

Less: accumulated depreciation

 

(6,169)

 

(5,551)

Total

$

20,925

$

5,203

In April 2021, we purchased an aircraft for an aggregate purchase price of $12.7 million, including $0.7 million of costs related to inspecting and testing the aircraft prior to purchase. The aircraft is being amortized on a straight-line basis over its estimated useful life of seven years.

The aggregate depreciation expense related to property and equipment, net was $0.7 million and $0.4 million for the three months ended June 30, 2021 and 2020, respectively, and $1.1 million and $0.8 million for the six months ended June 30, 2021 and 2020, respectively.