Property and Equipment

9 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Note 6. Property and Equipment

Property and equipment, net, consisted of the following (in thousands):


	March 31, 2024			June 30, 2023
Computer equipment and software	$	3,420		$	2,290
Capitalized internal-use software		21,817			16,978
Furniture and office equipment		2,517			2,433
Leasehold improvements		5,980			5,897
Construction in progress		117			386
Total property and equipment		33,851			27,984
Less: accumulated depreciation and amortization		(15,569	)		(11,618	)
Property and equipment, net	$	18,282		$	16,366

Depreciation expense, excluding the amortization of capitalized internal-use software costs, was $0.5 million and $0.4 million for the three months ended March 31, 2024 and 2023, respectively, and was $1.5 million and $1.2 million for the nine months ended March 31, 2024 and 2023, respectively.

The Company capitalized $4.9 million and $4.3 million of costs related to software developed for internal use during the nine months ended March 31, 2024 and 2023, respectively. Amortization expense related to capitalized internal-use software was $0.9 million and $0.8 million for the three months ended March 31, 2024 and 2023, respectively, and was $2.6 million and $2.1 million for the nine months ended March 31, 2024 and 2023, respectively. The net book value of capitalized internal-use software was $12.6 million and $10.3 million as of March 31, 2024 and June 30, 2023, respectively.