Balance Sheet Information

6 Months Ended

Jun. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Information

Balance Sheet Information

Property and equipment, net

Property and equipment, net consisted of the following:

	As of June 30,		As of December 31,
	2022		2021
	(in thousands)
Computer and networking equipment	$	215,730	$	207,575
Leasehold improvements	8,002		4,631
Furniture and fixtures	1,793		1,606
Office equipment	790		654
Internal-use software	52,604		40,345
Property and equipment, gross	$	278,919	$	254,811
Accumulated depreciation and amortization	(104,969)		(87,850)
Property and equipment, net	$	173,950	$	166,961

Depreciation on property and equipment for the three months ended June 30, 2022 and 2021 was approximately $10.7 million and $6.9 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $2.2 million and $1.0 million for the three months ended June 30, 2022 and 2021, respectively.

Depreciation on property and equipment for the six months ended June 30, 2022 and 2021 was approximately $20.6 million and $13.3 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $3.7 million and $1.9 million for the six months ended June 30, 2022 and 2021, respectively.

As of June 30, 2022 and December 31, 2021, the unamortized balance of capitalized internal-use software costs on the Company's Condensed Consolidated Balance Sheets was approximately $35.0 million and $27.9 million, respectively.

The Company leases certain networking equipment from various third parties through equipment finance leases. The Company's networking equipment assets as of June 30, 2022 and December 31, 2021, included a total of $89.3 million and $67.8 million acquired under finance lease agreements, respectively. These leases are capitalized in property and equipment, and the related amortization of assets under finance leases is included in depreciation and amortization expense. The accumulated depreciation of the associated networking equipment assets under finance leases totaled $21.1 million and $14.4 million as of June 30, 2022 and December 31, 2021, respectively.

Other assets

Other assets consisted of the following:

	As of June 30,		As of December 31,
	2022		2021
	(in thousands)
Deferred contract costs, net	$	26,595	$	23,830
Advance payment for purchase of property and equipment	29,310		—
Other assets	4,294		5,638
Total other assets	$	60,199	$	29,468

Accrued expenses

Accrued expenses consisted of the following:

	As of June 30,		As of December 31,
	2022		2021
	(in thousands)
Accrued compensation and related benefits	$	19,836	$	13,543
Accrued colocation and bandwidth costs	8,407		10,205
Sales and use tax liabilities	8,396		8,070
Other accrued liabilities	13,304		4,294
Total accrued expenses	$	49,943	$	36,112

Other current liabilities

Other current liabilities consisted of the following:

	As of June 30,		As of December 31,
	2022		2021
	(in thousands)
Deferred revenue, current	$	25,484	$	26,421
Accrued computer and networking equipment	3,534		18,081
Holdback payable	4,013		—
Other current liabilities	674		605
Total other current liabilities	$	33,705	$	45,107