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Property and Equipment
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consisted of the following:
December 31,
(in thousands)20222021
Capitalized internal-use software$14,072 $9,022 
Computer and office equipment6,177 4,700 
Furniture and fixtures2,056 1,445 
Leasehold improvements7,036 6,655 
Projects in process722 533 
30,063 22,355 
Less: Accumulated depreciation and amortization(18,517)(13,106)
Property and equipment, net$11,546 $9,249 
Depreciation and amortization expense related to property and equipment was $6.7 million, $5.3 million and $4.1 million for the years ended December 31, 2022, 2021, and 2020, respectively.
Capitalized Internal-Use Software Costs
There has been no impairment of previously capitalized costs during the years ended December 31, 2022, 2021, and 2020.
The Company capitalized $5.2 million, $2.9 million and $2.3 million for internal-use software costs during the years ended December 31, 2022, 2021, and 2020, respectively. The Company capitalized $1.8 million of stock-based compensation costs to internal-use software for the year ended December 31, 2022. The Company capitalized inconsequential amounts of stock-based compensation costs to internal-use software during the years ended December 31, 2021 and 2020, respectively. The Company recorded amortization expense of $3.3 million, $2.5 million and $1.6 million for the years ended December 31, 2022, 2021, and 2020, respectively.
Capitalized Cloud Computing Arrangements
The Company capitalized $2.4 million and $1.1 million related to the implementation of cloud computing arrangements during the years ended December 31, 2022 and 2021, respectively and recorded amortization expense of $0.8 million and $0.2 million during the years ended December 31, 2022 and 2021, respectively.
As of December 31, 2022, capitalized costs, net of accumulated amortization, were approximately $2.5 million, of which $1.3 million was recorded within ‘Prepaid expenses and other current assets’ and $1.2 million was recorded within ‘Other noncurrent assets, net’ on the Company's Consolidated Balance Sheets.
As of December 31, 2021, capitalized costs, net of accumulated amortization, were approximately $0.9 million, of which $0.4 million was recorded within ‘Prepaid expenses and other current assets’ and $0.5 million was recorded within ‘Other noncurrent assets, net’ on the Company's Consolidated Balance Sheets.
Amortization expense related to cloud computing arrangements for the years ended December 31, 2022 and 2021 were as follows:
December 31,
(in thousands)20222021
Technology and development$616 $165 
General and administrative178 22 
Total amortization$794 $187 
The following table summarizes the Company’s long-lived assets based on geography, which consist of property and equipment, net and operating lease right-of-use assets:
December 31,
(in thousands)20222021
United States$12,560 $7,523 
Europe2,754 125 
Nicaragua1,860 2,534 
United Kingdom1,369 2,229 
Philippines1,084 1,928 
Rest of world594 212 
Total long-lived assets$20,221 $14,551