Property and Equipment

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:


	March 31,		December 31,
(in thousands)	2022		2021
Capitalized internal-use software	$	10,103	$	9,022
Computer and office equipment	5,086		4,700
Furniture and fixtures	1,457		1,445
Leasehold improvements	6,646		6,655
Projects in Process	383		533
	23,675		22,355
Less: Accumulated depreciation and amortization	(14,004)		(13,106)
Property and equipment, net	$	9,671	$	9,249

Depreciation and amortization expense related to property and equipment was $1.5 million and $1.2 million for the three months ended March 31, 2022 and March 31, 2021, respectively.

Capitalized Internal-Use Software Costs

There has been no impairment of previously capitalized costs during the three months ended March 31, 2022 and 2021.

The Company capitalized $1.1 million and $0.9 million for internal-use software costs for three month periods ended March 31, 2022 and 2021, respectively. The Company capitalized $0.3 million and $0.1 million of stock-based compensation costs to internal-use software during the three months ended March 31, 2022 and 2021, respectively. The Company recorded amortization expense of $0.7 million and $0.6 million for the three months ended March 31, 2022 and 2021, respectively.

Capitalized Cloud Computing Arrangements

The Company capitalized $0.4 million related to the implementation of cloud computing arrangements and recorded amortization expense of $0.1 million during the three months ended March 31, 2022. As of March 31, 2022, capitalized costs, net of accumulated amortization, were approximately $1.2 million, of which $0.4 million was recorded within prepaid expenses and other current assets and $0.8 million was recorded within other non-current assets, net in the Company's condensed consolidated balance sheet.

Amortization expense related to cloud computing arrangements for the three months ended March 31, 2022 was as follows:


	March 31,
(in thousands)	2022
Technology and development	$	110
General and administrative	9
Total amortization	$	119

The Company assessed the impact of the guidance to its consolidated financial statements for the three months ended and as of March 31, 2021 and concluded that the standard did not have a material impact on its financial statements.