Composition of Certain Financial Statement Captions

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Composition of Certain Financial Statement Captions

NOTE 4 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS

Other current assets consisted of the following (in thousands):


	December 31,
	2024		2023
Prepaid expenses	$	21,027	$	19,913
Prepaid income taxes		8,295		4,813
Finished goods inventory		1,061		7,279
Other		2,105		6,869
Total	$	32,488	$	38,874

Property and equipment, net consisted of the following (in thousands):


	December 31,
	2024			2023
Computer equipment and software	$	54,737		$	52,740
Capitalized internal-use software		23,384			11,224
Office equipment and furniture		10,773			11,074
Building		17,876			17,876
Land		5,300			5,300
Leasehold improvements		10,778			11,758
Construction in progress		1,979			3,319
Total property and equipment		124,827			113,291
Less: accumulated depreciation and amortization(1)		(80,354	)		(71,722	)
Property and equipment, net	$	44,473		$	41,569

(1)

Includes $4.1 million and $1.6 million as of December 31, 2024 and 2023, respectively, of accumulated amortization associated with capitalized internal-use software.

Due to the global downsizing of its real estate footprint, the Company vacated a number of its leased office facilities, resulting in the impairment of the leasehold improvements completed at those facilities. For the years ended December 31, 2024, 2023, and 2022, the Company recorded impairment charges of $0.6 million, $0.4 million, and $2.9 million on leasehold improvements, respectively. See Note 10—Leases for more detail.

The following table summarizes the capitalization and amortization of internal-use software for the years ended December 31, 2024, 2023 and 2022 (in thousands):


	Year Ended December 31,
	2024		2023		2022
Costs capitalized associated with internal-use software	$	12,160	$	5,933	$	1,104
Amortization of capitalized internal-use software		2,547		1,503		61

Accrued liabilities consisted of the following (in thousands):


	December 31,
	2024		2023
Employee compensation and benefits	$	33,360	$	44,095
Accrued expenses		16,108		24,307
Current portion of operating lease liabilities		15,353		14,760
Accrued other taxes		8,370		6,464
Accrued income taxes		6,259		1,991
Third-party royalties		5,171		8,478
Other		9,799		9,866
Total	$	94,420	$	109,961