Property and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Note 4. Property and Equipment, net

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


	Successor			Successor
	December 31, 2022			December 31, 2021
Furniture and equipment	$	23,422		$	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		60,187			37,326
Leasehold improvements		2,957			3,001
Total property and equipment		313,971			285,794
Less: accumulated depreciation and amortization		(200,442	)		(131,485	)
Property and equipment, net	$	113,529		$	154,309

Depreciation and amortization expense of property and equipment was approximately $70.0 million, $69.4 million, $62.3 million, and $1.3 million, for the year ended December 31, 2022 (Successor), for the year ended December 31, 2021 (Successor), for the period from February 1, 2020 through December 31, 2020 (Successor), and for the period from January 1, 2020 through January 31, 2020 (Predecessor), respectively. Included in property equipment, net are finance leases with a cost of $5.1 million and $5.0 million and accumulated depreciation of $5.0 million and $4.2 million as of December 31, 2022 and 2021 (Successor), respectively.