PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:


	Weighted Average Useful Life (in years)	As of December 31, 2021		As of December 31, 2020
Computer hardware	3	$	167,546	$	117,333
Buildings	44	55,388		52,007
Leasehold improvements	8	37,828		39,675
Purchased computer software	3	33,649		31,993
Furniture, fixture and other equipment	7	31,961		31,859
Office equipment	7	22,881		20,971
Land improvements	18	2,137		2,137
Land	n/a	1,339		1,339
Construction in progress	n/a	50,133		—
		402,862		297,314
Less accumulated depreciation and amortization		(166,648)		(127,781)
Total		$	236,214	$	169,533

Depreciation and amortization expense related to property and equipment was $65.5 million, $50.5 million and $35.4 million during the years ended December 31, 2021, 2020 and 2019, respectively.

On November 1, 2019, the Company acquired an office building in Minsk, Belarus for $18.9 million, excluding refundable VAT. The acquired building is intended to be used in the Company’s normal operations as office space for its employees; however, a portion of the building was leased to third parties under operating lease agreements prior to the Company’s purchase and the Company will continue leasing under those agreements (see Note 8 “Leases”). In addition to this building, the Company has other assets which generate lease income. The gross amount of such assets including the leased portion of the Minsk building was $3.3 million and $6.7 million, and the associated accumulated depreciation was $0.2 million and $0.2 million as of December 31, 2021 and 2020, respectively. Depreciation expense associated with these assets held under operating leases was $0.1 million and $0.2 million for the year ended December 31, 2021 and 2020, respectively.

On November 17, 2021, the Company acquired an office building in the process of being constructed in Kyiv, Ukraine for $50.1 million. Once completed, the acquired building is intended to be used in the Company’s normal operations as office space for its employees. The office building is classified as construction-in-progress as of December 31, 2021 and the Company expects the office building to be available for its intended use in the second half of 2022.