XML 48 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of Property and Equipment The following table presents the useful lives of our property and equipment:
 Useful Lives
Computer equipment and software3 years
Furniture and fixtures
3 - 5 years
Leasehold improvementsShorter of the useful life of the asset or the lease term
Property and equipment are recorded at cost and consist of the following:
 December 31,December 31,
 20232022
 (in thousands)
Computer equipment and software$26,442 $24,568 
Furniture and fixtures 10,850 11,823 
Leasehold improvements (1)
56,151 66,180 
Total93,443 102,571 
Less accumulated depreciation(53,801)(44,680)
Property and equipment, net$39,642 $57,891 
(1) As of December 31, 2023, leasehold improvements with a net book value of $8.6 million were recorded as an impairment of long-lived assets related to certain idle office space at our corporate headquarters in Boston, Massachusetts and idle office space in Los Angeles, California, and Toronto, Canada. Refer to Note 12, Leases, for further details on the impairment of long-lived assets.