Property and Equipment

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The components of property and equipment were as follows:

	Useful Lives (Years)	September 30, 2023		December 31, 2022
Leasehold improvements	Shorter of lease term or economic life	$	29,683	$	32,262
Website and software development costs	3 - 5	72,409		62,963
Computer and office equipment	3 - 5	19,837		19,702
Software	3	1,868		1,871
Furniture	7	7,696		7,911
Property and equipment, gross		131,493		124,709
Accumulated depreciation and amortization		(88,427)		(76,597)
Construction in progress		5,339		6,827
Property and equipment, net		$	48,405	$	54,939

The following table summarizes depreciation and amortization and capitalized software development costs:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Depreciation and amortization for property and equipment	$	4,550	$	5,914	$	19,113	$	17,238
Capitalized software development costs, including stock-based compensation	3,854		4,583		12,700		14,874

Depreciation and amortization declined in the three months ended September 30, 2023 due to the change in estimated useful lives of our website and internally developed software. Refer to Note 1 for further details.