Property and Equipment and Property, Plant and Equipment Financing Obligations

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Components of property and equipment consisted of the following:

	December 31, 2019			March 31, 2020
				(unaudited)
	(in thousands)
Land	$	790		$	790
Building	8,285			8,285
Software	109,546			118,579
Computers and office equipment	187,056			198,338
Furniture and fixtures	18,918			18,926
Leasehold improvements	20,469			20,497
Construction in process	5,850			4,140
Property and equipment—at cost	350,914			369,555
Less: accumulated depreciation	(264,989		)	(277,371		)
Property and equipment—net	$	85,925		$	92,184

Depreciation expense related to property and equipment for the three months ended March 31, 2019 and 2020 was $11.2 million and $12.7 million, respectively.

Financed equipment with a cost basis of $24.4 million was included in software as of March 31, 2020. The net carrying value of financed equipment as of March 31, 2020 was $9.5 million.