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
3.
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
                 
 
March 31, 
2020
    
December 31,
 
2019
 
Computer software and hardware equipment
  $
27,191
    $
25,252
 
Furniture, fixtures, and equipment
   
23,375
     
23,468
 
Less: accumulated depreciation and amortization
   
(27,393
 )    
(26,077
 )
                 
  $
23,173
    $
22,643
 
                 
 
 
 
 
 
 
 
 
 
 
 
During the three months ended March 31, 2020 and 2019, the Company
wrote-off
approximately $191,000 and $233,000, respectively, of fully depreciated computer software and hardware equipment and furniture, fixtures and equipment.
As of March 31, 2020 and 2019, property and equipment additions incurred but not yet paid included in accounts payable and other liabilities were $259,000 and $473,000, 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, 2020, the Company considered the novel coronavirus
(“COVID-19”)
pandemic as a triggering event and evaluated its fixed assets for impairment testing. The Company concluded that as of March 31, 2020, there was
 
no
 
impairment of its property and equipment.