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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

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

			As of March 31,						As of December 31,
			2024						2023
			(In thousands)
Furniture and fixtures			$	16,018					$	16,036
Computer and office equipment			13,694						13,669
Telecommunications equipment			82,515						82,991
Leasehold improvements			75,596						75,437
Software			13,162						12,552
Internal-use software development			29,272						25,909
Automobile			463						507
Land			27,636						27,771
Land Improvements			1,065						930
Total cost			259,421						255,802
Less—accumulated depreciation			(85,597)						(77,938)
Total property, plant and equipment, net			$	173,824					$	177,864

Schedule of Depreciation Expense

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

									Three months ended March 31,
															2024						2023
															(In thousands)
Cost of revenue															$	4,778					$	3,529
Research and development															1,598						512
Sales and marketing															1,136						309
General and administrative															541						270
Total depreciation expense															$	8,053					$	4,620

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- Definition

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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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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