Property and Equipment, net

12 Months Ended

Jan. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, Net

Property and equipment are recorded at cost and depreciated or amortized on a straight-line basis over their estimated useful lives. Property and equipment, net consisted of the following:

(in thousands)	January 31, 2020		January 31, 2019
Furniture and fixtures	$	1,347	$	719
Office equipment	9,966		7,662
Leasehold improvements	15,170		13,090
Computer software	10,099		6,461
Construction in progress	13,812		144
Software in progress	961		697
Total property and equipment	51,355		28,773
Less: accumulated depreciation	(25,155)		(17,696)
Total property and equipment, net	$	26,200	$	11,077

Construction in progress consists primarily of leasehold improvements related to operating lease arrangements. Software in progress consists of costs incurred in connection with additional functionality to the Yext platform.

As of January 31, 2020 and 2019, more than 80% of the Company’s total property and equipment, net was attributable to the United States, and no other country represented more than 10% of the total property and equipment, net as of those periods. For the fiscal years ended January 31, 2020, 2019 and 2018, depreciation expense was $7.5 million, $6.2 million and $4.4 million, respectively.