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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
Property, equipment and leasehold improvements, net consisted of the following as of the dates indicated:
As of
March 31,December 31,
(in thousands)20242023
Computer & related equipment$170,762 $192,008 
Furniture & fixtures15,990 16,169 
Leasehold improvements56,636 58,582 
Work-in-process982 897 
Subtotal244,370 267,656 
Accumulated depreciation and amortization(188,568)(211,736)
Property, equipment and leasehold improvements, net$55,802 $55,920 
Depreciation and amortization expense of property, equipment and leasehold improvements was $4.1 million and $5.5 million for the three months ended March 31, 2024 and 2023, respectively.