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Property and equipment, Net (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property and equipment, net

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

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

December 31, 2023

 

 

 

 

 

 

 

 

Computer software and web development

 

$

229,861

 

 

$

229,527

 

Computer equipment

 

 

23,481

 

 

 

23,738

 

Buildings

 

 

 

 

 

5,158

 

Leasehold improvements

 

 

4,600

 

 

 

4,600

 

Furniture, fixtures and equipment

 

 

1,166

 

 

 

1,166

 

Computer software and web development projects in-process

 

 

970

 

 

 

2,157

 

Property and equipment, gross

 

 

260,078

 

 

 

266,346

 

Less: Accumulated depreciation

 

 

(228,087

)

 

 

(221,291

)

Total property and equipment, net

 

$

31,991

 

 

$

45,055

 

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 unaudited condensed consolidated statements of operations as follows (in thousands):

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

2,225

 

 

$

5,277

 

 

$

4,283

 

 

$

10,209

 

 

Enterprise technology and development

 

 

3,186

 

 

 

4,363

 

 

 

6,506

 

 

 

8,866

 

 

General and administrative

 

 

 

 

 

 

 

 

 

 

 

1

 

 

Total depreciation

 

$

5,411

 

 

$

9,640

 

 

$

10,789

 

 

$

19,076