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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

6. Property, Plant and Equipment

Property, plant and equipment, net consisted of the following:

			As of June 30,						As of December 31,
			2023						2022
			(In thousands)
Furniture and fixtures			$	16,808					$	16,494
Computer and office equipment			15,129						14,160
Telecommunications equipment			79,537						80,251
Leasehold improvements			75,866						6,410
Software			10,747						7,051
Internal-use software development			27,948						23,677
Automobile			539						665
Land			26,982						23,090
Land Improvements			784						—
Total cost			254,340						171,798
Less—accumulated depreciation			(81,064)						(72,045)
Total property, plant and equipment, net			$	173,276					$	99,753

The Company capitalized $3.3 million and $5.0 million of software development costs for the three and six months ended June 30, 2023, respectively, and $0.5 million and $1.2 million for the three and six months ended June 30, 2022, respectively.

Amortization expense related to capitalized software development costs was $0.7 million and $1.4 million for the three and six months ended June 30, 2023, respectively, and $0.5 million and $1.0 million for the three and six months ended June 30, 2022, respectively. As of June 30, 2023, unamortized implementation costs related to cloud computing arrangements were $0.2 million, of which $0.1 million were included in prepaid expenses and other current assets and $0.1 million are included in other long-term assets.

The Company leases automobiles under leases accounted for as finance leases, which expire on various dates between 2023 and 2026. As of June 30, 2023, cost and accumulated depreciation of the assets under finance leases recorded by the Company were $0.5 million and $0.3 million, respectively.

The Company recognized depreciation expense, which includes amortization of capitalized software development costs, as follows:

			Three months ended June 30,												Six months ended June 30,
			2023						2022						2023						2022
			(In thousands)
Cost of revenue			$	4,205					$	3,362					$	7,734					$	6,738
Research and development			748						565						1,262						1,157
Sales and marketing			273						347						581						681
General and administrative			234						309						503						611
Total depreciation expense			$	5,460					$	4,583					$	10,080					$	9,187

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-7

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