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Property and Equipment | 9 Months Ended
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Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment, Net Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful life of the asset. The Company reviews the estimated useful lives of its property and equipment on an annual basis. The following table presents the detail of property and equipment, net as of the dates presented:
| Useful life |  | September 30, 2025 |  | December 31, 2024
| (In years) |  | (In thousands)
Computer equipment and software | 3 to 5 |  | $ | 133,542 |  |  | $ | 134,647 |
Internal-use software | 5 |  | 185,392 |  |  | 176,725 |
Finance lease right-of-use assets | 2 |  | — |  |  | 62 |
Furniture, equipment and building improvements | The lesser of 5 or estimated useful life |  | 290 |  |  | 234 |
Property and equipment, at cost |  |  | 319,224 |  |  | 311,668 |
Less: accumulated depreciation |  |  | (225,750) |  |  | (211,111) |
Property and equipment, net |  |  | $ | 93,474 |  |  | $ | 100,557 |
Depreciation and amortization of property and equipment was $5.5 million and $16.6 million during the three and nine months ended September 30, 2025, respectively, and $7.3 million and $23.2 million during the three and nine months ended September 30, 2024, respectively. There were no impairments of property and equipment during the three and nine months ended September 30, 2025. There were no impairments related to internal-use software during the three months ended September, 2024. The Company recorded non-cash impairment charges of $8.3 million related to internal-use software during the nine months ended September 30, 2024. The impairment charges were included in Impairment of intangibles and other assets in the condensed consolidated statements of operations for the nine months ended September 30, 2024, and pertained to internal-use software that was discontinued and had no future economic benefit. Expenditures for routine maintenance and repairs are charged to operating expense as incurred. Major renewals and improvements are capitalized and depreciated over their estimated useful lives.

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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/1943274/2147477798/958-360-50-6 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/1943274/2147477798/958-360-50-1 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/1943274/2147477798/958-360-50-7 + Details
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