Property and Equipment, Net

9 Months Ended

Oct. 31, 2023

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:


(in thousands)	October 31, 2023		January 31, 2023
Computer and network equipment	$	139,680	$	138,869
Software, including capitalized software development costs	158,923		114,524
Furniture and office equipment	18,091		20,897
Leasehold improvements	57,716		73,415
	374,410		347,705
Less: Accumulated depreciation	(228,522)		(210,781)
	145,888		136,924
Work in progress	85,075		62,968
Total	$	230,963	$	199,892

Depreciation and amortization expense associated with property and equipment was $18.6 million and $16.4 million for the three months ended October 31, 2023 and 2022, and $56.8 million and $48.2 million for the nine months ended October 31, 2023 and 2022. This included amortization expense related to capitalized internally-developed software costs of $9.5 million and $4.1 million for the three months ended October 31, 2023 and 2022, and $25.1 million and $13.9 million for the nine months ended October 31, 2023 and 2022.

For the three months ended October 31, 2023 and 2022, we capitalized $26.5 million and $20.7 million of internally developed software, including $8.8 million and $6.1 million of capitalized stock-based compensation expense in the three months ended October 31, 2023 and 2022. For the nine months ended October 31, 2023 and 2022, we capitalized $70.4 million and $47.7 million of internally developed software, including $22.5 million and $13.8 million of capitalized stock-based compensation expense in the nine months ended October 31, 2023 and 2022.