Fact Characteristics and Properties

Characteristic, trait or fact Value of characteristic, trait, or fact
Reporting Entity [Axis] 63-0977897 (https://www.irs.gov#EIN)
Period [Axis] 2020-01-01 - 2020-12-31
Concept Property, Plant, and Equipment Policies [Text Block]
Fact value [XHTML Content]
Units
Decimals (rounding)
Parenthetical explanation (i.e. footnote) (None)

Fact value (XHTML):

Property, Plant, and Equipment Policies

Property and equipment is primarily comprised of furniture, computer equipment, computer software and leasehold improvements which are recorded at cost and depreciated or amortized using the straight-line method over their estimated useful lives as follows: furniture and fixtures, seven years; computer equipment, three to four years; computer software, five years; leasehold improvements, over the lesser of the estimated remaining useful life of the asset or the remaining term of the lease. Expenditures for maintenance and repairs are charged to operations as incurred; major expenditures for renewals and betterments are capitalized and depreciated. Property and equipment acquired under capital leases are depreciated over the lesser of the estimated remaining useful life of the asset or the remaining term of the lease.