Property and Equipment, net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Note 4. Property and Equipment, net

Property and equipment, net as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands):


	September 30, 2024			December 31, 2023
Furniture and equipment	$	27,616		$	26,576
Capitalized software for internal use, acquired by business combination		232,434			232,505
Capitalized software for internal use, developed internally or otherwise purchased		107,994			86,704
Leasehold improvements		2,816			2,275
Total property and equipment		370,860			348,060
Less: accumulated depreciation and amortization		(315,457	)		(268,619	)
Property and equipment, net	$	55,403		$	79,441

Depreciation and amortization expense of property and equipment was approximately $15.9 million and $16.9 million for the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization expense of property and equipment was approximately $47.1 million and $50.0 million for the nine months ended September 30, 2024 and 2023, respectively.