PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

NOTE 8—PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	September 30, 2023		December 31, 2022
Land and land improvements	$	1,680	1,382
Building and building improvements	5,763		3,705
Computer equipment	8,795		9,423
Leasehold improvements	9,610		10,204
Purchased software	2,309		4,471
Furniture and fixtures	4,288		3,553
Construction in progress	144		648
Total property and equipment	32,589		33,386
Less: accumulated depreciation	(14,562)		(15,854)
Total property and equipment, net	$	18,027	$	17,532

The aggregate depreciation expense for property and equipment, net is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations. During the three months ended September 30, 2023 and 2022, depreciation expense was $1.2 million and $1.2 million, respectively, and during the nine months ended September 30, 2023

and 2022, depreciation expense was $4.2 million and $3.1 million, respectively. No impairment charges or material write-offs were recorded for the three and nine months ended September 30, 2023 and 2022.

Property and equipment, net by region consists of the following:


	September 30, 2023		December 31, 2022
United States	$	14,048	$	12,331
EMEA(1)(2)	2,667		3,756
All other countries(2)	1,312		1,445
Total property and equipment, net	$	18,027	$	17,532

(1)Europe, Middle East, and Africa (“EMEA”).

(2)Amounts primarily represent leasehold improvements of local office space and computer equipment.