v3.22.4
Property and Equipment and Purchased Intangible Assets
 6 Months Ended
Jan. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment and Purchased Intangible Assets Property and Equipment and Purchased Intangible Assets
Property and equipment consisted of the following:
January 31, 2023July 31, 2022
(in thousands)
Hosting equipment$234,101 $191,037 
Capitalized internal-use software96,343 72,267 
Computers and equipment7,464 6,774 
Purchased software1,311 1,311 
Furniture and fixtures1,024 1,022 
Leasehold improvements7,339 7,339 
Total property and equipment, gross347,582 279,750 
Less: Accumulated depreciation and amortization(147,114)(119,117)
Total property and equipment, net$200,468 $160,633 
Purchased intangible assets consist of internet protocol (IP) addresses, which are amortized on a straight-line basis over an estimated useful life of 10 years. As of January 31, 2023, their historical cost and accumulated amortization were $8.6 million and $1.2 million, respectively. As of July 31, 2022, their historical cost and accumulated amortization were $6.4 million and $0.8 million, respectively. Purchased intangible assets are included within other noncurrent assets in the condensed consolidated balance sheets.
We recognized depreciation and amortization expense on property and equipment and purchased intangible assets of $13.4 million and $10.0 million for the three months ended January 31, 2023 and 2022, respectively, and $25.2 million and $19.0 million for the six months ended January 31, 2023 and 2022, respectively. Additionally, we recognized stock-based compensation expense on the amortization of capitalized stock-based compensation associated with capitalized internal-use software of $2.0 million and $1.0 million for the three months ended January 31, 2023 and 2022, respectively, and $3.7 million and $1.9 million for the six months ended January 31, 2023 and 2022, respectively.
Property and Equipment and Purchased Intangible Assets Property and Equipment and Purchased Intangible Assets
Property and equipment consisted of the following:
January 31, 2023July 31, 2022
(in thousands)
Hosting equipment$234,101 $191,037 
Capitalized internal-use software96,343 72,267 
Computers and equipment7,464 6,774 
Purchased software1,311 1,311 
Furniture and fixtures1,024 1,022 
Leasehold improvements7,339 7,339 
Total property and equipment, gross347,582 279,750 
Less: Accumulated depreciation and amortization(147,114)(119,117)
Total property and equipment, net$200,468 $160,633 
Purchased intangible assets consist of internet protocol (IP) addresses, which are amortized on a straight-line basis over an estimated useful life of 10 years. As of January 31, 2023, their historical cost and accumulated amortization were $8.6 million and $1.2 million, respectively. As of July 31, 2022, their historical cost and accumulated amortization were $6.4 million and $0.8 million, respectively. Purchased intangible assets are included within other noncurrent assets in the condensed consolidated balance sheets.
We recognized depreciation and amortization expense on property and equipment and purchased intangible assets of $13.4 million and $10.0 million for the three months ended January 31, 2023 and 2022, respectively, and $25.2 million and $19.0 million for the six months ended January 31, 2023 and 2022, respectively. Additionally, we recognized stock-based compensation expense on the amortization of capitalized stock-based compensation associated with capitalized internal-use software of $2.0 million and $1.0 million for the three months ended January 31, 2023 and 2022, respectively, and $3.7 million and $1.9 million for the six months ended January 31, 2023 and 2022, respectively.