Property and Equipment

9 Months Ended

Sep. 30, 2017

Property Plant And Equipment [Abstract]

6. Property and Equipment

The components of the Company’s property and equipment as of September 30, 2017 and December 31, 2016 were as follows:

	September 30, 2017			December 31, 2016
	(in thousands)
Computer equipment	$	25,446		$	17,548
Furniture and fixtures		5,950			4,842
Developed software		44,934			26,460
Purchased software and digital assets		2,436			1,360
Leasehold improvements		21,414			19,038
Property and equipment		100,180			69,248
Accumulated amortization and depreciation		(37,955	)		(22,693	)
Property and equipment, net	$	62,225		$	46,555

The Company recorded depreciation and amortization expense for property and equipment other than developed software of $2.9 million and $2.3 million for the three months ended September 30, 2017 and 2016, respectively and $8.0 million and $5.6 million for the nine months ended September 30, 2017 and 2016, respectively.

The Company capitalized developed software costs of $6.8 million and $4.1 million for the three months ended September 30, 2017 and 2016, respectively, and $18.9 million and $10.8 million for the nine months ended September 30, 2017 and 2016, respectively. Amortization expense for developed software costs, recognized in depreciation and amortization in the condensed consolidated statements of operations, for the three months ended September 30, 2017 and 2016 was $3.3 million and $1.4 million, respectively, and $8.3 million and $3.6 million for the nine months ended September 30, 2017 and 2016, respectively.