Property, Equipment and Software, net

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

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



	Estimated Useful Life	2019			2018
Computer/office equipment	36 months	$	17,292		$	15,107
Capitalized internal-use software	36 months	36,733			30,412
Leasehold improvements	Life of lease	12,770			11,761
Total property, equipment and software, at cost		66,795			57,280
Less accumulated depreciation and amortization		(46,463		)	(40,580		)
Property, equipment and software, net		$	20,332		$	16,700

Amortization expense on capitalized internal-use software costs was $4.0 million, $4.4 million and $4.9 million for the year ended December 31, 2019, 2018 and 2017, respectively, and is included as a component of technology and analytics in our consolidated statements of operations. For the year ended December 31, 2019 we recorded an impairment expense of $3.2 million on our capitalized internal-use software due to the decommission of certain technology components. For the year ended December 31, 2018, we disposed of a combined $5.7 million of computer and leasehold improvements in connection with lease terminations in parts of our New York and Colorado offices. The 2019 charge was included in technology and analytics expense and the 2018 charge was included in general and administration expense on the Consolidated Statements of Operations and Comprehensive Income.