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Property and Equipment
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
As of September 30,As of December 31,
20232022
(In thousands)
Capitalized internal-use software developments costs$285,905 $257,983 
Data center equipment (1)
105,027 100,207 
Leasehold improvements92,491 91,660 
Office equipment61,578 70,815 
Furniture and fixtures14,570 14,935 
Software14,639 14,675 
Total property and equipment574,210 550,275 
Less: accumulated depreciation and amortization (1)
(351,953)(286,296)
Total property and equipment, net$222,257 $263,979 
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(1) Data center equipment contains $72.4 million in assets held under finance leases as of September 30, 2023 and December 31, 2022. Accumulated depreciation and amortization includes $52.4 million and $41.2 million of accumulated depreciation for assets held under finance leases as of September 30, 2023 and December 31, 2022, respectively.
Depreciation and amortization expense was $23.2 million and $18.4 million in the three months ended September 30, 2023 and 2022, respectively, and $67.5 million and $52.5 million in the nine months ended September 30, 2023 and 2022, respectively.
The Company capitalized $14.7 million and $19.3 million in internal‑use software development costs in the three months ended September 30, 2023 and 2022, respectively, and $43.7 million and $51.2 million in the nine months ended September 30, 2023 and 2022, respectively.