Significant Consolidated Balance Sheet Components

12 Months Ended

Dec. 31, 2023

Significant Consolidated Balance Sheet Components [Abstract]

Significant Consolidated Balance Sheet Components

Prepaid expenses and other current assets consisted of the following:


(in millions)
As of December 31,	2023		2022
Prepaid expenses	$	13.5	$	10.4
Contract assets	5.5		5.8
Certificate of deposit	2.1		2.0
Other current assets	1.4		0.1
Total prepaid expenses and other current assets	$	22.5	$	18.3

Property, equipment and software, net consisted of the following:


(in millions)
As of December 31,	2023		2022
Capitalized software development costs	$	120.1	$	105.7
Office equipment	4.4		6.7
Furniture and fixtures	1.5		1.8
Leasehold improvements	2.3		2.3
Total property, equipment and software	128.3		116.5
Accumulated depreciation and amortization	(75.7)		(67.4)
Total property, equipment and software—net	$	52.6	$	49.1

The Company capitalized $34.0 million, $34.1 million and $24.2 million of software development costs, and recorded amortization expense of $28.9 million, $22.1 million and $16.7 million, during 2023, 2022 and 2021, respectively. Losses on disposal related to software development costs were $0.8 million for 2021, with no losses in 2023 or 2022.

Depreciation and amortization, exclusive of amortization of capitalized software development costs and intangible assets, was $2.3 million, $1.9 million and $2.4 million in 2023, 2022 and 2021, respectively.

Accrued expenses and other current liabilities consisted of the following:


(in millions)
As of December 31,	2023		2022
Unbilled accounts payable	$	21.2	$	26.1
Accrued compensation	4.5		5.6
Deferred revenue	4.1		—
Operating lease liabilities	3.4		3.1
Deferred compensation liability related to earnouts	—		1.7
Other accrued expenses	2.4		1.4
Total accrued expenses and other current liabilities	$	35.6	$	37.9

Other liabilities—noncurrent consisted of the following:


(in millions)
As of December 31,	2023		2022
Unrecognized tax benefit liability	$	7.2	$	0.4
Operating lease liabilities	6.2		9.6
Deferred tax liability, net	0.7		1.2
Other noncurrent liabilities	0.3		0.4
Total other liabilities—noncurrent	$	14.4	$	11.6