Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property Plant and Equipment
NOTE 6 – PROPERTY AND EQUIPMENT
Major classes of property and equipment consist of t
he
following:
 
(in ‘000)
  
December 31,
2021
 
  
December 31,
2020
 
Computer hardware
  
$
 15,747
 
  
$
 13,634
 
Computer software
  
 
 9,023
 
  
 
 8,211
 
Furniture and fixtures
  
 
 2,242
 
  
 
 2,284
 
Networking equipment
  
 
 8,089
 
  
 
 8,151
 
Leasehold improvements
  
 
 2,793
 
  
 
 2,803
 
 
  
 
 
 
  
 
 
 
Total property and equipment
  
 
37,894
 
  
 
35,083
 
Less: accumulated depreciation
  
 
 (25,654
) 
  
 
 (21,374
) 
 
  
 
 
 
  
 
 
 
Property and equipment (net)
  
$
12,240
 
  
$
13,709
 
 
  
 
 
 
  
 
 
 
Depreciation expense for the years ended December 31
, 2021, 2020 and 2019, was $3.7 million, $4.5 million, and $4.7 million, respectively.