Balance Sheet Detail

3 Months Ended

Mar. 31, 2022

3.Balance Sheet Detail

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

	Useful	March 31,			December 31,
	Life (Years)	2022			2021
Computer equipment and software	3 to 5	$	21,240		$	19,923
Internally developed software	3 to 6		32,244			27,099
Furniture and fixtures	5		6,428			6,425
Office equipment	2 to 5		1,343			1,275
Leasehold improvements	1 to 10		30,102			30,046
			91,357			84,768
Accumulated depreciation			(41,989	)		(38,304	)
Property and equipment—net		$	49,368		$	46,464

Depreciation expense was $4.0 million for the three months ended March 31, 2022, and $2.6 million for the three months ended March 31, 2021.

Prepaid expenses and other current assets consisted of the following (in thousands):

	March 31,		December 31,
	2022		2021
Licenses and subscriptions	$	18,670	$	14,511
Prepaid and other current taxes		2,444		3,132
Deposits		4,903		3,746
Prepaid employee related expenses		2,755		2,780
Prepaid cloud computing implementation costs		2,262		1,708
Prepaid insurance		3,960		—
Other		4,320		3,390
Total	$	39,314	$	29,267

Accrued expenses consisted of the following (in thousands):

	March 31,		December 31,
	2022		2021
Accrued bonus	$	11,476	$	40,853
Accrued partner commissions		14,133		13,088
Accrued payroll and related taxes		15,127		10,208
Employee stock purchase plan contributions		3,463		7,113
Accrued sales commissions		5,422		7,007
Contract liabilities		897		6,918
Accrued federal, state, local, and foreign taxes		3,574		3,926
Self-insurance reserves		2,471		2,401
Accrued interest payable on Convertible Senior Notes		414		944
Other		12,125		17,334
Total	$	69,102	$	109,792