Property and Equipment

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment, Net

The following table presents the detail of property and equipment, net for the periods presented:

	September 30, 2023		December 31, 2022
	(In thousands)
Computer equipment and software	$	121,658	$	128,206
Internal-use software development costs	180,812		161,633
Finance lease right of use assets	311		3,083
Furniture, equipment, and building improvements	330		506
Property and equipment, at cost	303,111		293,428
Less: accumulated depreciation	(179,643)		(155,706)
Property and equipment, net	$	123,468	$	137,722
Less: assets held for sale	—		(11,223)
Property and equipment, net	$	123,468	$	126,499

Depreciation and amortization expense of property and equipment was $7.8 million and $7.1 million during the three months ended September 30, 2023 and 2022, respectively, and $24.9 million and $21.4 million during the nine months ended September 30, 2023 and 2022, respectively.

There were no impairments of property and equipment during the three and nine months ended September 30, 2023 and 2022.