Property and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The following table represents the property and equipment balances as of June 30, 2024 and December 31, 2023:

	June 30, 2024		December 31, 2023
	(In thousands)
Equipment	$	102,044	$	95,996
Furniture and fixtures	5,191		4,500
Leasehold improvements	17,859		17,919
Purchased software and internal-use software development costs	138,030		118,004
Construction in progress	8,184		11,614
Property and equipment, gross	271,308		248,033
Accumulated depreciation and amortization	(160,326)		(139,432)
Total property and equipment, net	$	110,982	$	108,601

Depreciation and amortization expense of property and equipment was $8.7 million and $6.6 million for the three months ended June 30, 2024 and 2023, respectively, and $17.3 million and $12.9 million for the six months ended June 30, 2024 and 2023, respectively.

The geographic location of the Company’s property and equipment, net, is based on the physical location in which it is located. The following table summarizes the geographic information for property and equipment, net, as of June 30, 2024 and December 31, 2023:

	June 30, 2024		December 31, 2023
	(In thousands)
United States	$	106,685	$	104,312
Rest of world	4,297		4,289
Total property and equipment, net	$	110,982	$	108,601