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Property and Equipment, net
3 Months Ended
Mar. 31, 2025
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, 2025 and December 31, 2024:
(In thousands)March 31, 2025 December 31, 2024
Office equipment and software$8,904 $8,658 
Leasehold improvements7,768 7,639 
Furniture and fixtures3,600 3,519 
Capitalized software20,745 19,298 
Total41,017 39,114 
Accumulated depreciation(19,912)(18,148)
Property and equipment, net$21,105 $20,966 
Depreciation expense was $1.6 million and $1.4 million for the three months ended March 31, 2025 and 2024, respectively. Depreciation expense includes cost of sales depreciation expense directly related to delivering cloud subscription revenue of $1.1 million and $0.7 million for the three months ended March 31, 2025 and 2024, respectively, and are recorded in "Services and other cost of goods sold" on the condensed consolidated statements of operations.