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Property and Equipment, net
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
The following table presents the major classes of property and equipment, net, as of March 31, 2024 and December 31, 2023:
(In thousands)March 31, 2024 December 31, 2023
Office equipment and software$8,699 $8,574 
Leasehold improvements7,586 7,459 
Furniture and fixtures3,638 3,658 
Capitalized software15,214 12,560 
Total35,137 32,251 
Accumulated depreciation(14,791)(13,529)
Property and equipment, net$20,346 $18,722 
Depreciation expense was $1.4 million and $0.7 million for the three months ended March 31, 2024 and 2023, respectively. Depreciation expense includes cost of sales depreciation expense directly related to delivering cloud subscription revenue of $0.7 million and less than $0.1 million for the three months ended March 31, 2024 and 2023,
respectively. Costs are recorded in "Services and other cost of goods sold" on the condensed consolidated statements of operations.