Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment, net consisted of the following at December 31 (in thousands):

	Estimated Useful Lives (in Years)	2022		2021
Computer hardware and software	3 to 5	$	470,191	$	472,145
Card-reading equipment	4 to 6	49,655		36,829
Furniture, fixtures, and vehicles	2 to 10	19,482		22,650
Buildings and improvements	5 to 50	36,105		33,517
Property, plant and equipment, gross		575,433		565,141
Less: accumulated depreciation		(280,741)		(328,847)
Property, plant and equipment, net		$	294,692	$	236,294

Depreciation expense related to property and equipment for the years ended December 31, 2022, 2021, and 2020 was $92.0 million, $75.6 million, and $65.2 million, respectively. Amortization expense includes $59.1 million, $46.7 million, and $40.2 million for capitalized computer software costs for the years ended December 31, 2022, 2021, and 2020, respectively. At December 31, 2022 and 2021, the Company had unamortized computer software costs of $167.5 million and $155.3 million, respectively.

Write-offs of property, plant and equipment were immaterial for each of the years ended December 31, 2022, 2021, and 2020.