Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

6. Property and Equipment, Net

Property and equipment, net consists of the following:


	March 31, 2023			December 31, 2022
	(in thousands)
Computer equipment and purchased software	$	17,998		$	17,710
Employee related computer equipment		45,301			46,399
Furniture and fixtures		21,017			21,232
Leasehold improvements		97,077			98,427
Internal-use software		35,172			32,205
Construction in progress		7,020			1,699
Total property and equipment		223,585			217,672
Less accumulated depreciation		(116,525	)		(112,445	)
Property and equipment, net	$	107,060		$	105,227

Depreciation and amortization expense on property and equipment was $7.5 million for the three months ended March 31, 2023 and $6.3 million for the three months ended March 31, 2022.

In the three months ended March 31, 2023, the Company disposed of $0.9 million of fixed assets, net, as part of the Restructuring Plan (defined in Note 14). Refer to Note 14 regarding the loss associated with fixed asset disposals in connection with the Restructuring Plan.