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v3.25.1

Property and Equipment, Net (Tables) | 3 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment and Depreciation and Amortization | Property and equipment, net are as follows (in thousands):
| Useful Life (years) |  | March 31, 2025 |  | December 31, 2024
Residence leasehold improvements | 3 |  | $ | 19,155 |  |  | $ | 19,665 |
Internal-use software | 3 |  | 18,191 |  |  | 17,975 |
Corporate office leasehold improvements | 3 |  | 3,901 |  |  | 3,901 |
Furniture, fixtures and equipment | 5 |  | 1,356 |  |  | 1,292 |
Computer equipment | 3 |  | 1,198 |  |  | 1,136 |
Residence vehicles | 5 |  | 535 |  |  | 582 |
Property and equipment, gross |  |  | 44,336 |  |  | 44,551 |
Accumulated depreciation and amortization |  |  | (32,345) |  |  | (30,472) |
Property and equipment, net |  |  | $ | 11,991 |  |  | $ | 14,079 |
Components of depreciation and amortization were as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Internal-use software |  |  |  |  | $ | 1,238 |  |  | $ | 1,150 |
Furniture, fixtures and equipment |  |  |  |  | 1,260 |  |  | 957 |
Residence leasehold improvements |  |  |  |  | 220 |  |  | 304 |
Corporate office leasehold improvements |  |  |  |  | 120 |  |  | 121 |
Computer equipment |  |  |  |  | 21 |  |  | 56 |
Residence vehicles |  |  |  |  | 31 |  |  | 40 |
Total depreciation and amortization |  |  |  |  | $ | 2,890 |  |  | $ | 2,628 |
Depreciation and amortization was recognized within the Condensed Consolidated Statements of Operations and Comprehensive Income under the following line items (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Cost of revenue |  |  |  |  | $ | 1,503 |  |  | $ | 1,289 |
General and administrative |  |  |  |  | 383 |  |  | 338 |
Depreciation and amortization |  |  |  |  | 1,004 |  |  | 1,001 |
Total depreciation and amortization |  |  |  |  | $ | 2,890 |  |  | $ | 2,628 |

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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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