Property and Equipment

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	September 30, 2024		December 31, 2023
	(In thousands)
Equipment	$	99,491	$	95,996
Furniture and fixtures	5,312		4,500
Leasehold improvements	17,996		17,919
Purchased software and internal-use software development costs	141,082		118,004
Construction in progress	9,119		11,614
Property and equipment, gross	273,000		248,033
Accumulated depreciation and amortization	(161,256)		(139,432)
Total property and equipment, net	$	111,744	$	108,601

Depreciation and amortization expense of property and equipment was $8.6 million and $6.7 million for the three months ended September 30, 2024 and 2023, respectively, and $25.9 million and $19.6 million for the nine months ended September 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 September 30, 2024 and December 31, 2023:

	September 30, 2024		December 31, 2023
	(In thousands)
United States	$	107,551	$	104,312
Rest of world	4,193		4,289
Total property and equipment, net	$	111,744	$	108,601