Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property and equipment, net consisted of the following:

	As of March 31,		As of December 31,
in thousands	2023		2022
Internal-use software	$	64,093	$	50,488
Server equipment	19,058		19,192
Leasehold improvements	108,458		88,254
Computer equipment	26,580		25,999
Land	13,383		13,383
Buildings	61,345		61,345
Furniture and fixtures	3,191		3,158
Software	3,034		3,034
Construction in progress	10,889		27,533
Total property and equipment	$	310,031	$	292,386
Accumulated depreciation and amortization	(86,703)		(76,741)
Property and equipment, net	$	223,328	$	215,645

The Company recognized depreciation and amortization expense related to its property and equipment as follows:

	Three Months Ended March 31,
in thousands	2023		2022
Cost of revenue	$	9,279	$	6,097
Research and development	1,490		1,364
Sales and marketing	2,285		2,005
General and administrative	383		472
Total depreciation and amortization expense	$	13,437	$	9,938