Schedule of allowance for accounts receivable |
We reassess the adequacy of the allowance for credit losses each reporting period. The following table presents a rollforward of the allowance for credit losses (in thousands): | | | | | | | Allowance for Credit Losses on Accounts Receivable | | (unaudited) | Balance at January 1, 2021 | $ | 1,200 | | Current period provision for expected credit losses | 398 | | Less: Write-offs, net of recoveries | (98) | | Balance at June 30, 2021 | $ | 1,500 | |
|
Schedule of property and equipment, useful life |
The estimated useful life of each asset category is as follows: | | | | | | Computer equipment | 2-3 years | Furniture and fixtures | 3-5 years | Leasehold improvements | Lesser of lease term or estimated useful life | Computer software | 2-5 years | Capitalized internal-use software costs | 2-3 years |
Property and equipment consisted of the following (in thousands): | | | | | | | | | | | | | As of June 30, | | As of December 31, | | 2021 | | 2020 | | (unaudited) | | | Computer equipment | $ | 10,018 | | | $ | 8,576 | | Leasehold improvements | 11,238 | | | 8,089 | | Furniture and fixtures | 3,612 | | | 1,734 | | Capitalized internal-use software costs | 5,635 | | | 3,489 | | Computer software | 212 | | | 947 | | Capital lease equipment | 37 | | | 37 | | Total property and equipment | 30,752 | | | 22,872 | | Less: accumulated depreciation | (10,554) | | | (10,009) | | Property and equipment, net | $ | 20,198 | | | $ | 12,863 | |
|
Schedule of intangible asset, useful life |
The estimated useful life of each asset category is as follows: | | | | | | Developed technologies | 3-10 years | Customer relationships and contracts | 2-7 years | Computer software licenses | 2-5 years | Trademarks | 2-5 years |
As of June 30, 2021, intangible assets consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | Gross | | Accumulated Amortization | | Net | | (unaudited) | Developed technologies | $ | 69,729 | | | $ | (32,058) | | | $ | 37,671 | | Customer relationships and contracts | 57,764 | | | (13,557) | | | 44,207 | | Computer software licenses | 8,352 | | | (5,474) | | | 2,878 | | Trademarks | 1,700 | | | (546) | | | 1,154 | | Total intangible assets | $ | 137,545 | | | $ | (51,635) | | | $ | 85,910 | |
As of December 31, 2020, intangible assets consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | Gross | | Accumulated Amortization | | Net | Developed technologies | $ | 69,729 | | | $ | (25,293) | | | $ | 44,436 | | Customer relationships and contracts | 57,764 | | | (7,482) | | | 50,282 | | Computer software licenses | 7,359 | | | (4,615) | | | 2,744 | | Trademarks | 1,700 | | | (241) | | | 1,459 | | Total intangible assets | $ | 136,552 | | | $ | (37,631) | | | $ | 98,921 | |
|