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Property and Equipment, Net
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
9.
Property and Equipment, Net

Property and equipment consisted of the following at September 30, 2025 and December 31, 2024 (in thousands):

 

 

 

September 30, 2025

 

 

December 31, 2024

 

 

Useful life
(years)

Buildings and leasehold improvements

 

$

111,399

 

 

$

103,945

 

 

1-15

Furniture and equipment

 

 

88,677

 

 

 

84,720

 

 

3-10

Computer systems and equipment

 

 

182,269

 

 

 

172,437

 

 

3-10

Construction equipment

 

 

17,021

 

 

 

6,463

 

 

5-7

Construction in progress

 

 

32,295

 

 

 

30,342

 

 

 

 

 

 

431,662

 

 

 

397,907

 

 

 

Accumulated depreciation

 

 

(305,795

)

 

 

(286,332

)

 

 

Property and equipment, net

 

$

125,867

 

 

$

111,575

 

 

 

 

Depreciation expense for the three months ended September 30, 2025 and September 30, 2024 was $9.5 million and $9.5 million, respectively and for the nine months ended September 30, 2025 and September 30, 2024 was $28.1 million and $28.0 million, respectively.