Property and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following at December 31, 2023 and 2022 (in thousands):


	December 31,
	2023		2022
Computer equipment and internally developed software	$	87,830	$	88,638
Furniture and fixtures	1,527		3,013
Leasehold improvements	8,694		11,740
	98,051		103,391
Less: Accumulated depreciation	(79,171)		(84,489)
Total property and equipment, net	$	18,880	$	18,902

Included in the table above are property and equipment of $1.0 million and $1.5 million as of December 31, 2023 and 2022, respectively, which are capitalizable but had not yet been placed in service. These balances were comprised primarily of capitalized software not ready for its intended use.

Total depreciation and amortization expense of property and equipment was $12.1 million, $13.0 million, and $14.6 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Amortization of internal use capitalized software development costs was $11.3 million, $12.2 million, and $12.2 million for the years ended December 31, 2023, 2022, and 2021, respectively.

During the year ended December 31, 2023 and 2022, the Company disposed of or retired certain computer equipment, internally developed software, leasehold improvements, and furniture and fixtures with an original cost basis of $17.5 million and $9.9 million, and accumulated depreciation of $17.1 million and $8.7 million, respectively. The remaining net book value of $0.4 million and $1.2 million was recorded as depreciation and amortization expense during the years ended December 31, 2023 and 2022, respectively.