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Property, Plant and Equipment (Tables) | 6 Months Ended
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Jun. 30, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment, Net | Property, plant and equipment, net consisted of the following:
| As of June 30, |  | As of December 31, |  |
| 2024 |  | 2023 |
| (In thousands) |  |
Furniture and fixtures | $ | 16,020 |  |  | $ | 16,036 |  |  |
Computer and office equipment | 13,768 |  |  | 13,669 |  |  |
Telecommunications equipment | 83,973 |  |  | 82,991 |  |  |
Leasehold improvements | 75,736 |  |  | 75,437 |  |  |
Software | 15,901 |  |  | 12,552 |  |  |
Internal-use software development | 32,104 |  |  | 25,909 |  |  |
Automobile | 459 |  |  | 507 |  |  |
Land | 27,636 |  |  | 27,771 |  |  |
Land Improvements | 1,065 |  |  | 930 |  |  |
Total cost | 266,662 |  |  | 255,802 |  |  |
Less—accumulated depreciation | (93,262) |  |  | (77,938) |  |  |
Total property, plant and equipment, net | $ | 173,400 |  |  | $ | 177,864 |  |  |
Schedule of Depreciation Expense | 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,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
| (In thousands)
Cost of revenue | $ | 4,678 |  |  | $ | 4,205 |  |  | $ | 9,456 |  |  | $ | 7,734 |  |  |
Research and development | 1,631 |  |  | 748 |  |  | 3,228 |  |  | 1,262 |  |  |
Sales and marketing | 1,112 |  |  | 273 |  |  | 2,248 |  |  | 581 |  |  |
General and administrative | 543 |  |  | 234 |  |  | 1,085 |  |  | 503 |  |  |
Total depreciation expense | $ | 7,964 |  |  | $ | 5,460 |  |  | $ | 16,017 |  |  | $ | 10,080 |  |  |

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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. + References 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 + Details
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