Balance Sheet Components

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

5. Balance Sheet Components

Property and Equipment, net

The following table summarizes property and equipment, net as of March 31, 2024 and December 31, 2023 (in thousands):


	March 31, 2024		December 31, 2023
Computers	$	17,328	$	17,188
Capitalized internal-use software	29,840		28,259
Office equipment	4,547		4,357
Furniture and fixtures	9,102		8,886
Motor vehicles	749		808
Leasehold improvements	6,430		5,768
Construction in progress	38		751
Total property and equipment	68,034		66,017
Less: accumulated depreciation and amortization	(45,727)		(43,270)
Property and equipment, net	$	22,307	$	22,747

The following table summarizes depreciation expense and internal-use software capitalization and amortization for the three months ended March 31, 2024 and 2023 (in thousands):


	Three Months Ended March 31,
	2024	2023
Capitalization of costs associated with internal-use software	1,581	2,540
Amortization expense of capitalized internal-use software	1,363	1,112
Depreciation expense	1,604	1,743

As of March 31, 2024 and December 31, 2023, the net carrying value of capitalized internal-use software was $14.3 million and $14.1 million, respectively

Accrued Liabilities

The following table summarizes accrued liabilities as of March 31, 2024 and December 31, 2023 (in thousands):


	March 31, 2024		December 31, 2023
Accrued compensation	$	16,762	$	20,976


Accrued reseller commissions	10,184		9,641
Accrued advertising and marketing expenses	3,250		2,095
Advanced payments from customers	4,936		4,265
Accrued taxes	12,088		10,964
Operating lease liabilities, current	1,740		2,699
Contributions withheld for employee stock purchase plan	3,176		1,298
Other accrued expenses	6,028		4,670
Total accrued liabilities	$	58,164	$	56,608

Noncurrent liabilities include $20.1 million and $22.7 million of long term accrued compensation as of March 31, 2024 and December 31, 2023, respectively.