PRA GROUP INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
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6 – Property and Equipment, net
- Property and Equipment, net:
Property and equipment, net consisted of the following as of December 31, 2023 and 2022 (amounts in thousands):
| 2023 | 2022 | |
|---|---|---|
| Software | $70,924 | $71,775 |
| Computer equipment | 21,771 | 24,685 |
| Furniture and fixtures | 16,814 | 17,751 |
| Equipment | 12,649 | 15,819 |
| Leasehold improvements | 18,711 | 22,486 |
| Building and improvements | 19,637 | 19,931 |
| Land | 1,407 | 1,407 |
| Accumulated depreciation and impairment | (126,452) | (123,141) |
| Assets in process | 989 | 932 |
| Property and equipment, net | $36,450 | $51,645 |
Depreciation expense related to property and equipment for the years ended December 31, 2023, 2022 and 2021 was$13.1 million, $14.9 million and $15.1 million, respectively. During the year ended December 31, 2023, the Company recorded an impairment charge of $5.2 million related to Building and improvements. See Note 9 for additional information.
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