Property and equipment, Net (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Summary of Property and equipment, net

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

	September 30, 2024			December 31, 2023
Computer software and web development	$	229,855		$	229,527
Computer equipment		16,973			23,738
Buildings		—			5,158
Leasehold improvements		4,600			4,600
Furniture, fixtures and equipment		1,166			1,166
Computer software and web development projects in-process		118			2,157
Property and equipment, gross		252,712			266,346
Less: Accumulated depreciation		(227,807	)		(221,291	)
Total property and equipment, net	$	24,905		$	45,055

Summary of depreciation expense related to property and equipment

The Company recorded depreciation expense related to property and equipment in the following expense categories of its unaudited condensed consolidated statements of operations, including the accelerated depreciation of $2.9 million related to the Pivot in the three and nine months ended September 30, 2024 as noted above, as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Cost of revenue	$	2,101	$	4,582	$	6,384	$	14,791
Enterprise technology and development		5,866		3,902		12,372		12,768
General and administrative		—		1		—		2
Total depreciation	$	7,967	$	8,485	$	18,756	$	27,561