Property and Equipment, net

6 Months Ended

Jun. 30, 2021

Property Plant And Equipment [Abstract]

Note 4. Property and Equipment, net

Property and equipment, net as of June 30, 2021 (Successor) and December 31, 2020 (Successor) consisted of the following (in thousands):


	Successor			Successor
	June 30, 2021			December 31, 2020
Furniture and equipment	$	17,626		$	15,214
Capitalized software for internal use, acquired by business combination		221,405			220,000
Capitalized software for internal use, developed internally or otherwise purchased		26,876			14,438
Leasehold improvements		2,510			2,402
Total property and equipment		268,417			252,054
Less: accumulated depreciation and amortization		(96,178	)		(61,772	)
Property and equipment, net	$	172,239		$	190,282

Depreciation and amortization expense of property and equipment was approximately $17.5 million and $16.8 million for the three months ended June 30, 2021 and 2020 (Successor), respectively. Depreciation and amortization expense of property and equipment was approximately $34.0 million, $28.1 million, and $1.3 million for the six months ended June 30, 2021 (Successor), the period from February 1, 2020 through June 30, 2020 (Successor), and the period from January 1, 2020 through January 31, 2020 (Predecessor), respectively.