Property and Equipment, Net

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

4. Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

	December 31,
	2019			2020
Computer equipment	$	29,505		$	33,977
Leasehold improvements		421			18,176
Software and licenses		2,994			3,191
Furniture and fixtures		333			2,824
Total property and equipment		33,253			58,168
Less: accumulated depreciation		(25,352	)		(29,581	)
Total property and equipment, net	$	7,901		$	28,587

Depreciation expenses were $7.6 million, $7.9 million and $14.2 million for the years ended December 31, 2018, 2019 and 2020, respectively.

As of December 31, 2019 and 2020, networking equipment under finance leases with a cost basis of $20.0 million and $21.0 million, respectively, was included in computer equipment.