Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following (in thousands):


	December 31,
	2021		2020
Software	$	160,633	$	159,413
Buildings	83,405		66,842
Equipment	52,653		62,209
Furniture and fixtures	32,471		38,133
Leasehold improvements	42,246		35,665
Land	38,641		39,819
	410,049		402,081
Accumulated depreciation and amortization	(233,786)		(256,065)
Property and equipment, net	$	176,263	$	146,016

Depreciation and amortization expense related to property and equipment was $23,376,000, $28,025,000 and $22,538,000 in 2021, 2020 and 2019, respectively.

On November 1, 2019, we completed the purchase of real estate in Chandler, Arizona for approximately $48,000,000 that we intend to use as our global corporate headquarters. The property contains a building and some infrastructure in place that we expect will be ready for our use in 2022.

Included within the software, buildings and land values presented above for 2021 are assets in the process of being readied for use in the amounts of approximately $7,016,000, $62,286,000 and $11,700,000, respectively. Included within the software, buildings and land values presented above for 2020 are assets in the process of being readied for use in the amounts of approximately $5,650,000, $29,427,000 and $11,700,000, respectively. Depreciation on these assets will commence, as appropriate, when they are ready for use and placed in service.