XML 33 R13.htm IDEA: XBRL DOCUMENT v3.25.0.1
Property and Equipment, net
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block] Property and Equipment, Net
Property and equipment, net as of December 31, 2024 and 2023 consists of the following:
 December 31,
 Estimated useful life20242023
Furniture and fixtures
5-10 years
$6,108 $6,300 
Computers and equipment
3-5 years
5,227 14,216 
Software
3-6 years
5,558 5,552 
Capitalized internal-use software development costs3 years10,843 11,879 
Leasehold improvementsShorter of lease term or useful life20,802 21,727 
Property and equipment, gross48,538 59,674 
Less: Accumulated depreciation and amortization(28,793)(36,623)
Property and equipment, net$19,745 $23,051 

Depreciation and amortization was approximately $3.7 million, $4.5 million and $5.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. During the years ended December 31, 2024, 2023 and 2022, the Company disposed of approximately $11.0 million, $2.7 million and $3.1 million, respectively, of fully depreciated assets. During the years ended December 31, 2024, 2023 and 2022, the Company recognized $0.8 million, $0.1 million and zero, respectively, of loss on disposal of assets. The disposal in 2024 related to a lease modification, see Note 7 for additional information. As of December 31, 2024 and 2023, the Company had approximately $6.0 million and $14.6 million, respectively, of fully depreciated assets in use.
During the years ended December 31, 2024 and 2023, the Company capitalized immaterial amounts of internal-use software development costs related to its subscription solutions. As of December 31, 2024 and 2023, $10.8 million and $11.9 million, respectively, of capitalized internal-use software development costs were subject to amortization and $10.7 million and $11.8 million, respectively, of capitalized internal-use software development costs were included in accumulated depreciation and amortization for the years ended December 31, 2024 and 2023.
The Company did not identify any impairment indicators and recorded no impairment charges in the years ended December 31, 2024 and 2023. During the year ended December 31, 2022, the Company recorded a $1.6 million impairment charge related to fixed assets. The impairment resulted from the Company's changed intentions for these assets in connection with a new agreement with a software vendor.