Property and Equipment, net

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and equipment as of March 31, 2024 and December 31, 2023 consist of the following:


	Depreciation period in years	March 31, 2024		December 31, 2023
Internally developed software	3 - 5	$	65,139	$	62,306
Acquired software	3	6,441		6,539
Equipment	5	34,093		33,624
Leasehold improvements	1 - 15	9,089		9,113
Furniture and fixtures	5	12,706		12,709
Construction in progress		8,150		8,672
Total property and equipment, cost		135,618		132,963
Less: accumulated depreciation		(75,491)		(70,352)
Total property and equipment, net		$	60,127	$	62,611

Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2024 and 2023 was $5,168 and $4,345, respectively.

During the three months ended March 31, 2024 and 2023, $1,827 and $3,154, respectively, was capitalized in connection with internally developed software inclusive of $204 and $382, respectively, of equity-based compensation. Amortization expense on internally developed software was $3,162 and $1,751 for the three months ended March 31, 2024 and 2023, respectively.

During the three months ended March 31, 2024 and 2023, the Company recognized impairment charges of none and $2,127, respectively, on certain long-lived assets.

Purchases of property and equipment with unpaid costs in accounts payable and accrued liabilities as of March 31, 2024 were $225 and $300, respectively, and $2,101 and $6,122 as of March 31, 2023, respectively.