Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment, Net

The following table presents the detail of property and equipment as of the dates presented:

	December 31,
	2022		2021
	(In thousands)
Computer equipment and software	$	128,206	$	120,685
Internal-use software development costs	161,633		122,479
Finance lease right-of-use assets	3,083		6,797
Furniture, equipment and building improvements	506		258
Property and equipment, at cost	293,428		250,219
Less accumulated depreciation	(155,706)		(125,493)
Property and equipment, net (1)	137,722		124,726
Less assets held for sale (Note 20)	(11,223)		—
Property and equipment, net	$	126,499	$	—

(1) As of December 31, 2022, property and equipment, net includes Assets held for sale of $11.2 million, which consists of the Company’s consumer segment, as further described in Note 20 – Assets Held for Sale.

In accordance with its policy, the Company reviews the estimated useful lives of its fixed assets on an ongoing basis. As of December 31, 2022 and 2021, there was approximately $39.2 million and $36.1 million, respectively, of internal-use software development costs related to projects currently still in development, which are, therefore, not yet subject to amortization. Aggregate depreciation and amortization expense for property and equipment was $32.3 million, $27.4 million, and $22.8 million for the years ended December 31, 2022, 2021, and 2020, respectively.