Note 4 - Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4. Property and Equipment, Net

Property and equipment, net, consists of the following:

	September 30,			December 31,
	2022			2021
	(in thousands)
Computer equipment	$	172,966		$	161,809
Computer software		25,805			25,807
Leasehold improvements		21,009			21,092
Scanner appliances		16,264			16,510
Furniture, fixtures and equipment		6,437			6,479
Total property and equipment		242,481			231,697
Less: accumulated depreciation and amortization		(188,546	)		(169,843	)
Property and equipment, net	$	53,935		$	61,854

As of  September 30, 2022 and December 31, 2021, physical scanner appliances and other computer equipment that are or will be subject to leases by customers had a net carrying value of $6.1 million and $5.3 million, respectively, including assets that had not been placed in service of $3.3 million and $1.3 million, respectively. Depreciation and amortization expenses relating to property and equipment were $6.7 million and $7.0 million for the three months ended September 30, 2022 and 2021, respectively, and $20.7 million and $21.2 million for the nine months ended September 30, 2022 and 2021, respectively, which were primarily recorded in cost of revenues in the condensed consolidated statements of operations.