Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property and Equipment, Net

Property and Equipment, Net

Note 4   Property and Equipment, Net

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

	March 31, 2023		December 31, 2022
Computer equipment	$	18,800	$	17,496
Software development costs		10,766		9,406
Leasehold improvements		1,822		1,831
Furniture and fixtures		406		433
Total property and equipment, cost		31,794		29,166
Less accumulated depreciation and amortization		(14,915)		(13,407)
Total property and equipment, net	$	16,879	$	15,759

As of March 31, 2023 and December 31, 2022, property and equipment, net located in the United States was $15.2 million and $13.7 million, respectively. The remainder was located in our various international locations. Included in property and equipment are the capitalized costs of software development. Software development costs capitalized during the three months ended March 31, 2023 and 2022 were $1.2 million and $1.2 million, respectively.  

Depreciation and amortization expense related to property and equipment, excluding software development costs, was $874 thousand and $768 thousand for the three months ended March 31, 2023 and 2022, respectively. Amortization expense related to software development costs was $697 thousand and $408 thousand for the three months ended March 31, 2023 and 2022, respectively.