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Fixed Assets
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Fixed Assets Fixed Assets
The Company’s fixed assets, which are primarily located in the U.S., consisted of the following at December 31 (in millions):
 20252024
Leasehold improvements$28.8 $28.5 
Office equipment9.3 8.7 
Furniture and fixtures6.4 6.3 
Software and web development117.8 111.1 
Fixed assets, at cost162.3 154.6 
Accumulated depreciation and amortization(131.3)(118.9)
Fixed assets, net$31.0 $35.7 
Depreciation and amortization expense was $16.6 million, $18.5 million and $17.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.
During the year ended December 31, 2025 and 2024, the Company disposed of property, plant, and equipment with a cost basis of $4.4 million and $19.0 million, respectively, and accumulated depreciation of $(4.4) million and $(19.0) million, respectively. These disposals included leasehold improvements, office equipment, furniture and fixtures and software. There were no gains or losses on disposals recorded during the year ended December 31, 2025 and 2024.