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Property and Equipment | 3 Months Ended
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Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment consisted of the following:
|  | As of March 31, 2023 |  | As of December 31, 2022
|  | (In thousands)
Capitalized internal-use software developments costs |  | $ | 269,463 |  |  | $ | 257,983 |
Data center equipment (1) |  | 101,178 |  |  | 100,207 |
Leasehold improvements |  | 92,475 |  |  | 91,660 |
Office equipment |  | 71,344 |  |  | 70,815 |
Furniture and fixtures |  | 14,913 |  |  | 14,935 |
Software |  | 14,832 |  |  | 14,675 |
Total property and equipment |  | 564,205 |  |  | 550,275 |
Less: accumulated depreciation and amortization (1) |  | (310,143) |  |  | (286,296) |
Total property and equipment, net |  | $ | 254,062 |  |  | $ | 263,979 |
____________________________________ (1) Data center equipment contains $72.4 million in assets held under finance leases as of March 31, 2023, and December 31, 2022. Accumulated depreciation and amortization includes $45.0 million and $41.2 million of accumulated depreciation for assets held under finance leases as of March 31, 2023, and December 31, 2022, respectively. Depreciation and amortization expense was $20.1 million and $16.6 million in the three months ended March 31, 2023 and 2022, respectively. The Company capitalized $14.2 million and $14.7 million in internal‑use software development costs in the three months ended March 31, 2023 and 2022, respectively. In the three months ended March 31, 2023, the Company signed an agreement to divest its Internet of Things (“IoT”) assets and liabilities to a third party. The Company recorded a $3.8 million loss on net assets held for sale related to this transaction and an additional $2.2 million of related costs. The assets and liabilities held for sale are not significant.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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