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Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Summary of Property and equipment, net

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

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Computer software and web development

 

$

229,527

 

 

$

236,533

 

Computer equipment

 

 

23,738

 

 

 

24,240

 

Buildings

 

 

5,158

 

 

 

5,158

 

Leasehold improvements

 

 

4,600

 

 

 

4,600

 

Furniture, fixtures and equipment

 

 

1,166

 

 

 

1,222

 

Computer software and web development projects in-process

 

 

2,157

 

 

 

5,147

 

Property and equipment, gross

 

 

266,346

 

 

 

276,900

 

Less: Accumulated depreciation

 

 

(221,291

)

 

 

(202,753

)

Property and equipment, net

 

$

45,055

 

 

$

74,147

 

Summary of depreciation expense related to property and equipment

The Company recorded depreciation expense related to property and equipment in the following expense categories of its consolidated statements of operations as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Cost of revenue

 

$

17,994

 

 

$

27,137

 

Selling and marketing

 

 

-

 

 

 

381

 

Enterprise technology and development

 

 

16,463

 

 

 

28,833

 

General and administrative

 

 

3

 

 

 

242

 

Total depreciation

 

$

34,460

 

 

$

56,593