Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consists of the following:


	December 31,
	2023			2022
	(in thousands)
Furniture and equipment	$	26,072		$	25,509
Software		902			890
Leasehold improvements		28,525			28,413
Fixed assets in progress		294			318
Total		55,793			55,130
Less accumulated depreciation		(42,709	)		(37,846	)
Property and equipment, net	$	13,084		$	17,284

Substantially all of the Company’s long-lived assets were located in the United States as of December 31, 2023 and 2022.

Depreciation expense was $5.0 million and $6.6 million for the years ended December 31, 2023 and 2022, respectively.