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Property and Equipment
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
As of June 30,As of December 31,
20242023
(In thousands)
Capitalized internal-use software developments costs$330,978 $297,655 
Data center equipment (1)
104,883 104,543 
Leasehold improvements92,155 92,315 
Office equipment57,317 60,905 
Furniture and fixtures14,562 14,558 
Software14,639 14,639 
Total property and equipment614,534 584,615 
Less: accumulated depreciation and amortization (1)
(415,972)(374,976)
Total property and equipment, net$198,562 $209,639 
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(1) Data center equipment contains $72.4 million in assets held under finance leases as of June 30, 2024 and December 31, 2023. Accumulated depreciation and amortization includes $62.7 million and $55.9 million of accumulated depreciation for assets held under finance leases as of June 30, 2024, and December 31, 2023, respectively.
Depreciation and amortization expense was $23.3 million and $24.3 million in the three months ended June 30, 2024 and 2023, respectively, and $47.2 million and $44.3 million in the six months ended June 30, 2024 and 2023, respectively.
The Company capitalized $20.4 million and $14.8 million in internal‑use software development costs in the three months ended June 30, 2024 and 2023, respectively, and $36.5 million and $29.0 million in the six months ended June 30, 2024 and 2023, respectively.