Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, stated at cost, consists of the following (in thousands):

	December 31,
	2023		2022
Computer hardware, software and related equipment	$	502,564	$	424,275
Furniture and equipment	2,836		881
Leasehold improvements	9,784		8,614
	515,184		433,770
Less: Accumulated depreciation and amortization	(327,015)		(255,586)
Total property and equipment, net	$	188,169	$	178,184

Depreciation expense was $92.1 million, $76.7 million, and $63.6 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Total disposals of property and equipment, net was $0.0 million, $0.2 million, and $11.0 million for the years ended December 31, 2023, 2022, and 2021, respectively.