Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Property and Equipment, Net
 
Property and equipment, net consists of the following:
 
 
 
 
March 31,
 
December 31,
 
 
Estimated Useful Life
 
2020
 
2019
Cost:
 
 
 
 

 
 

Computer equipment and software
 
3 years
 
$
72,700

 
$
72,190

Leasehold improvements
 
Shorter of the lease term or useful life of the asset
 
36,180

 
34,645

Office furniture and fixtures
 
3-7 years
 
10,846

 
10,832

Office equipment and other
 
3-5 years
 
6,898

 
6,850

Building and building improvements
 
7-39 years
 
2,647

 
2,647

Land
 
Not applicable
 
940

 
940

 
 
 
 
130,211

 
128,104

Less: accumulated depreciation and amortization
 
(77,021
)
 
(74,348
)
Total property and equipment, net
 
$
53,190

 
$
53,756


 
During the three months ended March 31, 2020, the Company retired an immaterial amount of property and equipment that was no longer in service. Gains and losses on asset retirements during the three months ended March 31, 2020 and 2019 were not material.
 
Depreciation and amortization expense was as follows:
 
 
Three Months Ended
 
 
March 31,
 
 
2020
 
2019
Depreciation and amortization expense
 
$
5,317

 
$
4,366