Property and Equipment, Net |
Note 7. Property and Equipment, Net Property and equipment, net consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
|
|
|
|
|
Computer software |
|
$ |
231,943 |
|
|
$ |
194,314 |
|
Leasehold improvements |
|
|
5,157 |
|
|
|
24,197 |
|
Computer equipment |
|
|
23,691 |
|
|
|
21,172 |
|
Computer software and web development projects in-process |
|
|
26,490 |
|
|
|
12,380 |
|
Furniture, fixtures and equipment |
|
|
2,442 |
|
|
|
7,016 |
|
Buildings |
|
|
5,158 |
|
|
|
— |
|
Property and equipment, gross |
|
|
294,881 |
|
|
|
259,079 |
|
Less: Accumulated depreciation |
|
|
(181,783 |
) |
|
|
(178,910 |
) |
Property and equipment, net |
|
$ |
113,098 |
|
|
$ |
80,169 |
|
All of the Company’s property and equipment is located in the U.S. The Company recorded depreciation expense related to property and equipment in the following expense categories of its consolidated statements of operations as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
$ |
18,160 |
|
|
$ |
13,619 |
|
|
$ |
16,005 |
|
Selling and marketing |
|
|
1,471 |
|
|
|
2,220 |
|
|
|
2,067 |
|
Enterprise technology and development |
|
|
25,290 |
|
|
|
21,274 |
|
|
|
21,114 |
|
General and administrative |
|
|
4,104 |
|
|
|
3,014 |
|
|
|
3,773 |
|
Total depreciation |
|
$ |
49,025 |
|
|
$ |
40,127 |
|
|
$ |
42,959 |
|
|