Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.4
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
3.
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
 
    
December 31,
  
    
2020
     
2019
  
Computer software and hardware equipment
    $ 30,955      $ 25,252  
Furniture, fixtures and equipment
      23,418        23,468  
Less: accumulated depreciation and amortization
      (30,937 )       (26,077 ) 
    
 
 
     
 
 
  
     $ 23,436      $ 22,643  
    
 
 
     
 
 
  
During the years ended December 31, 2020 and 2019, the Company
wrote-off
approximately $1.3 million and $5.0 million, respectively, of fully depreciated computer software and hardware equipment and furniture, fixtures and equipment.
As of December 31, 2020 and 2019, property and equipment additions incurred but not yet paid included in accounts payable and other liabilities were $154,000 and $619,000, 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 December 31, 2020, the Company considered the impact of
COVID-19
pandemic and evaluated its property and equipment for potential indicators of impairment. The Company concluded that as of December 31, 2020, there
were
no indicators of impairment of its property and equipment.