Property and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net consisted of the following at December 31 (in thousands):

	Estimated Useful Lives (in Years)	2024	2023
Computer hardware and software	3 to 5	$839,250	$734,759
Card-reading equipment	4 to 6	53,820	61,216
Furniture, fixtures and vehicles	2 to 10	20,696	20,614
Buildings and improvements	5 to 50	40,242	41,508
Property and equipment, gross		954,008	858,097
Less: accumulated depreciation		(576,303)	(514,943)
Property and equipment, net		$377,705	$343,154

Depreciation expense related to property and equipment for the years ended December 31, 2024, 2023 and 2022 was $120.1

million, $110.0 million and $92.0 million, respectively. Amortization expense includes $78.8 million, $77.5 million and $61.3

million for capitalized computer software costs for the years ended December 31, 2024, 2023 and 2022, respectively. At

December 31, 2024 and 2023, the Company had unamortized computer software costs of $315.7 million and $268.9 million,

respectively.

Write-offs of property and equipment were immaterial for each of the years ended December 31, 2024, 2023 and 2022.