Property and equipment, net is summarized as follows (in thousands):


	December 31, 2024		December 31, 2023
Land and land improvements	$	2,106	$	2,106
Furniture and equipment		201,364		169,519
Software		213,358		190,295
Buildings		8,806		7,868
Leasehold improvements		65,432		56,779
Property and equipment under finance lease (Note 13)		28,357		23,453
Construction in progress		1,039		1,579
Property and equipment		520,462		451,599
Less: accumulated depreciation		339,892		276,134
Property and equipment, net	$	180,570	$	175,465

Depreciation expense is recorded within cost of goods, cost of services, and selling, general, and administrative expenses within our consolidated statements of operations, depending on the nature of the underlying fixed assets. Depreciation expense was $66.8 million, $57.3 million and $55.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.