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PROPERTY, EQUIPMENT AND SOFTWARE, NET (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Equipment and Software, Net

The following summarizes property, equipment and software, net as of December 31, 2024 and 2023 (in thousands):

			December 31,
			2024						2023
Furniture and fixtures and other			$	394					$	571
Leasehold improvements (1)			1,001						19,167
Computer hardware and purchased software			4,367						5,741
Internally-developed software (2)			267,777						295,860
Total property, equipment and software, gross			273,539						321,339
Less: accumulated depreciation and amortization			(255,712)						(290,809)
Property, equipment and software, net			$	17,827					$	30,530

(1)The decrease in Leasehold improvements in primarily related to the expiration of our 600 West Chicago lease.

(2)The net carrying amount of Internally-developed software was $17.1 million and $28.4 million as of December 31, 2024 and 2023.

Depreciation and amortization expense on property, equipment and software is classified as follows in the accompanying Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 (in thousands):

			Year Ended December 31,
			2024						2023						2022
Cost of revenue			$	13,760					$	25,024					$	32,554
Selling, general and administrative			14,129						18,377						21,616
Total			$	27,889					$	43,401					$	54,170

The following table summarizes tangible property and equipment, net of accumulated depreciation, by geographical region as of December 31, 2024 and 2023 (in thousands):

			December 31,
			2024						2023
United States			$	344					$	1,037
Rest of the world			397						1,127
Total tangible long-lived assets			$	741					$	2,164

Schedule of Long-lived Assets Impairment Charges

The following table summarizes impairment charges for property, equipment and software by segment that are presented within Long-lived asset impairment on the Consolidated Statements of Operations for the year ended December 31, 2022 (in thousands). We did not recognize any impairment of our long-lived assets during the years ended December 31, 2024, and 2023:

			Year Ended December 31, 2022
						North America						International						Total
Property, equipment and software impairment:
Leasehold improvements						$	—					$	1,747					$	1,747
Computer hardware						—						1,498						1,498
Internally-developed software						753						—						753
Other property, equipment and software, net (1)						—						491						491
Total property, equipment and software impairment						$	753					$	3,736					$	4,489

(1) Excludes impairment of right-of-use assets - operating leases. See Note 8, Leases, for additional information.

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- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

+ References

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-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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