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PROPERTY, EQUIPMENT AND SOFTWARE
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Equipment and Software Property, Equipment and Software
A summary of property, equipment and software, net as of March 31, 2022 and December 31, 2021 was as follows:
(in thousands, except useful lives)March 31, 2022December 31, 2021
Computer software$54,939 $52,715 
Equipment12,874 12,255 
Leasehold improvements6,835 6,467 
Furniture and fixtures3,035 2,819 
Property, equipment and software77,683 74,256 
Less: accumulated depreciation(52,286)(49,023)
Property, equipment and software, net$25,397 $25,233 
Depreciation expense totaled $2.2 million and $2.1 million for the three months ended March 31, 2022 and 2021, respectively.
Computer software represents purchased software and internally developed back office and merchant interfacing systems used to assist in the reporting of merchant processing transactions and other related information.