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Financial Statement Components | 9 Months Ended
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Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Financial Statement Components | Financial Statement Components Cash and cash equivalents consisted of the following (in thousands):
|  | September 30, 2023 |  | December 31, 2022
Cash |  | $ | 81,583 |  |  | $ | 123,260 |
Certificates of deposit |  | 249 |  |  | — |
Money market funds |  | 34,026 |  |  | 37,560 |
U.S. treasury securities |  | 11,970 |  |  | 19,700 |
Total cash and cash equivalents |  | $ | 127,828 |  |  | $ | 180,520 |
Accounts receivable, net consisted of the following (in thousands):
|  | September 30, 2023 |  | December 31, 2022
Trade accounts receivable |  | $ | 83,122 |  |  | $ | 77,621 |
Unbilled trade accounts receivable, net of advance client deposits |  | 11,567 |  |  | 10,135 |
Allowance for credit losses |  | (253) |  |  | (262) |
Accounts receivable, net |  | $ | 94,436 |  |  | $ | 87,494 |
Prepaid expenses and other current assets consisted of the following (in thousands):
|  | September 30, 2023 |  | December 31, 2022
Prepaid expenses |  | $ | 26,325 |  |  | $ | 17,151 |
Other current assets |  | 8,424 |  |  | 9,159 |
Contract assets |  | 2,878 |  |  | 3,401 |
Prepaid expenses and other current assets |  | $ | 37,627 |  |  | $ | 29,711 |
Property and equipment, net consisted of the following (in thousands):
|  | September 30, 2023 |  | December 31, 2022
Computer and network equipment |  | $ | 149,051 |  |  | $ | 148,789 |
Computer software |  | 56,498 |  |  | 50,955 |
Internal-use software development costs |  | 14,419 |  |  | 6,111 |
Furniture and fixtures |  | 4,690 |  |  | 3,326 |
Leasehold improvements |  | 6,042 |  |  | 6,574 |
Property and equipment |  | 230,700 |  |  | 215,755 |
Accumulated depreciation and amortization |  | (128,671) |  |  | (114,534) |
Property and equipment, net |  | $ | 102,029 |  |  | $ | 101,221 |
Depreciation and amortization expense associated with property and equipment was $9.3 million and $26.7 million for the three and nine months ended September 30, 2023, respectively. Depreciation and amortization expense associated with property and equipment was $8.3 million and $24.8 million for the three and nine months ended September 30, 2022, respectively. Property and equipment capitalized under finance lease obligations consists primarily of computer and network equipment and was immaterial as of September 30, 2023 and December 31, 2022. Other assets consisted of the following (in thousands):
|  | September 30, 2023 |  | December 31, 2022
Other assets |  | $ | 11,069 |  |  | $ | 5,081 |
Equity investment in a privately-held company |  | 2,000 |  |  | 2,000 |
Deferred tax assets |  | 3,534 |  |  | 3,976 |
Total |  | $ | 16,603 |  |  | $ | 11,057 |
Accrued and other current liabilities consisted of the following (in thousands):
|  | September 30, 2023 |  | December 31, 2022
Accrued expenses |  | $ | 20,051 |  |  | $ | 19,343 |
Accrued compensation and benefits |  | 39,460 |  |  | 33,749 |
Accrued and other current liabilities |  | $ | 59,511 |  |  | $ | 53,092 |
Other long-term liabilities consisted of the following (in thousands):
| September 30, 2023 |  | December 31, 2022
Deferred revenue | $ | 1,558 |  |  | $ | 1,178 |
Deferred tax liabilities | 463 |  |  | 157 |
Other long-term liabilities | 5,105 |  |  | 1,745 |
Other long-term liabilities | $ | 7,126 |  |  | $ | 3,080 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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