Property and Equipment, net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Note 4. Property and Equipment, net

Property and equipment, net as of September 30, 2023 and December 31, 2022 consisted of the following (in thousands):


	September 30, 2023			December 31, 2022
Furniture and equipment	$	26,494		$	23,422
Capitalized software for internal use, acquired by business combination		232,505			227,405
Capitalized software for internal use, developed internally or otherwise purchased		79,544			60,187
Leasehold improvements		2,422			2,957
Total property and equipment		340,965			313,971
Less: accumulated depreciation and amortization		(251,292	)		(200,442	)
Property and equipment, net	$	89,673		$	113,529

Depreciation and amortization expense of property and equipment was approximately $16.9 million and $17.7 million for the three months ended September 30, 2023 and 2022, respectively. Depreciation and amortization expense of property and equipment was approximately $50.0 million and $51.9 million for the nine months ended September 30, 2023 and 2022, respectively.