XML 20 R10.htm IDEA: XBRL DOCUMENT v3.23.2
Property and Equipment
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
As of June 30, 2023As of December 31, 2022
(In thousands)
Capitalized internal-use software developments costs$274,994 $257,983 
Data center equipment (1)
104,956 100,207 
Leasehold improvements92,610 91,660 
Office equipment60,771 70,815 
Furniture and fixtures14,696 14,935 
Software14,639 14,675 
Total property and equipment562,666 550,275 
Less: accumulated depreciation and amortization (1)
(327,274)(286,296)
Total property and equipment, net$235,392 $263,979 
____________________________________
(1) Data center equipment contains $72.4 million in assets held under finance leases as of June 30, 2023 and December 31, 2022. Accumulated depreciation and amortization includes $48.7 million and $41.2 million of accumulated depreciation for assets held under finance leases as of June 30, 2023 and December 31, 2022, respectively.
Depreciation and amortization expense was $24.3 million and $17.4 million in the three months ended June 30, 2023 and 2022, respectively, and $44.3 million and $34.0 million in the six months ended June 30, 2023 and 2022, respectively.
The Company capitalized $14.8 million and $17.2 million in internal‑use software development costs in the three months ended June 30, 2023 and 2022, respectively, and $29.0 million and $31.9 million in the six months ended June 30, 2023 and 2022, respectively.