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Property and Equipment, net
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 4. Property and Equipment, net

Property and equipment, net as of March 31, 2024 and December 31, 2023 consisted of the following (in thousands):

 

 

March 31, 2024

 

 

December 31, 2023

 

Furniture and equipment

 

$

26,673

 

 

$

26,576

 

Capitalized software for internal use, acquired by business combination

 

 

232,361

 

 

 

232,505

 

Capitalized software for internal use, developed internally or otherwise purchased

 

 

93,525

 

 

 

86,704

 

Leasehold improvements

 

 

2,810

 

 

 

2,275

 

Total property and equipment

 

 

355,369

 

 

 

348,060

 

Less: accumulated depreciation and amortization

 

 

(284,017

)

 

 

(268,619

)

Property and equipment, net

 

$

71,352

 

 

$

79,441

 

Depreciation and amortization expense of property and equipment was approximately $15.5 million and $16.4 million for the three months ended March 31, 2024 and 2023, respectively.