Property and Equipment, net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Note 4. Property and Equipment, net

Property and equipment, net as of September 30, 2022 and December 31, 2021 consisted of the following (in thousands):


	September 30, 2022			December 31, 2021
Furniture and equipment	$	23,785		$	20,462
Capitalized software for internal use, acquired by business combination		227,405			225,005
Capitalized software for internal use, developed internally or otherwise purchased		54,039			37,326
Leasehold improvements		2,906			3,001
Total property and equipment		308,135			285,794
Less: accumulated depreciation and amortization		(182,512	)		(131,485	)
Property and equipment, net	$	125,623		$	154,309

Depreciation and amortization expense of property and equipment was approximately $17.7 million and $17.4 million for the three months ended September 30, 2022 and 2021, respectively. Depreciation and amortization expense of property and equipment was approximately $51.9 million and $51.4 million for the nine months ended September 30, 2022 and 2021, respectively.