Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
 
2.
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
 
     March 31,
2021		      December 31,
2020		  
Computer software and hardware equipment
    $ 32,049      $ 30,955  
Furniture, fixtures and equipment
      23,504        23,418  
Less: accumulated depreciation and amortization
      (32,622 )       (30,937 ) 
    
 
 
     
 
 
  
     $ 22,931      $ 23,436  
    
 
 
     
 
 
  
During the three months ended March 31, 2021 and 2020, the Company
wrote-off
approximately $41,000 and $191,000, respectively, of fully depreciated computer software and hardware equipment and furniture, fixtures and equipment.
As of March 31, 2021 and 2020, property and equipment additions incurred but not yet paid included in accounts payable and other liabilities were $275,000 and $259,000, respectively.
The Company evaluates its fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. As of March 31, 2021, the Company considered the impact of
the
COVID-19
pandemic and evaluated its property and equipment for potential indicators of impairment. The Company concluded that as of March 31, 2021, there were no indicators of impairment of its property and equipment.