General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.21.2
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property Plant and Equipment
NOTE 5 – PROPERTY AND EQUIPMENT
Major classes of property and equipment consist of the following:
 
(in ‘000)
   
December 31,
2020
     
December 31,
2019
  
Computer hardware
    $ 13,634      $ 11,383  
Computer software
      8,211        7,907  
Furniture and fixtures
      2,284        2,170  
Networking equipment
      8,151        6,537  
Leasehold improvements
      2,803        2,739  
    
 
 
     
 
 
  
Total property and equipment
   
 
35,083
 
   
 
30,736
 
Less: accumulated depreciation
      (21,374 )       (15,425 ) 
    
 
 
     
 
 
  
Property and equipment (Net)
   
$
13,709
 
   
$
15,311
 
    
 
 
     
 
 
  
 
Depreciation expense for the years ended December 31, 2020 and 2019 was $4.5 million and $4.7 million, respectively.