v3.20.2
Property and Equipment, Net
9 Months Ended
Sep. 30, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

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

 

 

 

September 30,

2020

 

 

December 31,

2019

 

Computers and equipment

 

$

10,544

 

 

$

7,536

 

Furniture and fixtures

 

 

5,090

 

 

 

4,804

 

Leasehold improvements

 

 

17,510

 

 

 

16,517

 

Capitalized software development costs

 

 

40,522

 

 

 

24,630

 

Total property and equipment

 

$

73,666

 

 

$

53,487

 

Less: accumulated depreciation and amortization

 

 

(31,607

)

 

 

(20,738

)

Total property and equipment, net

 

$

42,059

 

 

$

32,749

 

 

The Company capitalizes costs related to the development of computer software for internal use and is included in capitalized software development costs within property and equipment, net.

 

Depreciation and amortization expense was approximately $3.7 million and $10.7 million for the three and nine months ended September 30, 2020, respectively. Depreciation and amortization expense was approximately $3.8 million and $8.3 million for the three and nine months ended September 30, 2019, respectively.