XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following summarizes our property and equipment as of June 30, 2021 and December 31, 2020 (in thousands):
  June 30, 2021December 31, 2020
Computer hardware$19,931 $18,866 
Furniture and equipment3,545 3,559 
Internal-use software development costs148,171 137,085 
Leasehold improvements15,553 15,586 
Total property and equipment187,200 175,096 
Accumulated depreciation and amortization expenses(104,204)(88,856)
Total property and equipment, net$82,996 $86,240 

The Company capitalized $5.6 million and $11.1 million of internal-use software development costs for the three and six months ended June 30, 2021, respectively, and $6.4 million and $13.7 million for the three and six months ended June 30, 2020, respectively. The net book value of capitalized internal-use software development costs was $73.0 million and $75.3 million as of June 30, 2021 and December 31, 2020, respectively.

Depreciation expense related to property and equipment was $7.6 million and $15.4 million for the three and six months ended June 30, 2021, respectively, and $7.1 million and $13.9 million for the three and six months ended June 30, 2020, respectively, of which amortization expense related to capitalized internal-use software development costs was $6.6 million and $13.3 million for the three and six months ended June 30, 2021, respectively, and $6.0 million and $11.6 million for the three and six months ended June 30, 2020, respectively.