Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net, consisted of the following (in thousands):


	As of December 31,
	2022		2021
Building and building improvements	$	—	$	29,856
Land	—		6,456
Internal-use software	67,371		60,946
Purchased software	2,228		2,609
Furniture and office equipment	2,518		3,332
Computer hardware	14,074		13,762
Leasehold improvements	1,985		4,903
Software development in-progress	105		1,178
Total cost of property and equipment	88,281		123,042
Less: accumulated depreciation and amortization	(57,458)		(76,029)
Property and equipment, net	$	30,823	$	47,013

Depreciation and amortization expense related to property and equipment was $18.2 million, $15.7 million and $17.3 million for 2022, 2021 and 2020, respectively.

At December 31, 2022, 2021 and 2020, accumulated amortization in connection with internal-use software costs was $41.0 million, $42.5 million and $38.7 million, respectively. In 2022, 2021 and 2020, we recorded amortization expense of $14.6 million, $11.6 million and $12.3 million, respectively, in connection with these costs. Software development in-progress consists primarily of internal-use software projects, which when placed in service, will provide enhancements and improvements to the operational and functional capabilities to our online platforms and our customer-facing website. In 2022 and 2021, we capitalized internal-use software development costs of $21.4 million and $9.9 million, respectively. In 2022, no software development costs were impaired. In 2021 and 2020, we impaired $0.9 million and $1.1 million, respectively, of capitalized software developments costs related primarily to internal-use software projects that no longer met our business requirements or were no longer expected to be placed in service.