Property and Equipment

3 Months Ended

Mar. 31, 2021

Property Plant And Equipment [Abstract]

6. Property and Equipment

The components of the Company’s property and equipment as of March 31, 2021 and December 31, 2020 were as follows:

	March 31, 2021			December 31, 2020
	(in thousands)
Developed software	$	239,276		$	223,596
Computer equipment		121,337			112,564
Leasehold improvements		74,292			74,092
Furniture and fixtures		13,594			13,587
Purchased software and digital assets		19,771			18,432
Construction in progress		258			256
Property and equipment		468,528			442,527
Accumulated depreciation and amortization		(250,851	)		(226,381	)
Property and equipment, net	$	217,677		$	216,146

The gross carrying amount and accumulated amortization of the Company’s developed software as of March 31, 2021 were each adjusted by $3.5 million for certain fully amortized assets that were no longer in use. The Company recorded depreciation and amortization expense for property and equipment other than developed software of $12.3 million and $8.7 million for the three months ended March 31, 2021 and 2020, respectively.

The Company capitalized developed software costs of $19.2 million and $19.0 million for the three months ended March 31, 2021 and 2020, respectively. Amortization expense for developed software costs, recognized in depreciation and amortization in the condensed consolidated statements of operations, was $15.7 million and $12.0 million for the three months ended March 31, 2021 and 2020, respectively.