v3.26.1
Property and Equipment, net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment consist of the following:
As of
June 30, 2026December 31, 2025
Property and equipment, gross $383,761 $367,558 
Less: Accumulated depreciation and amortization (269,174)(255,737)
Property and equipment, net $114,587 $111,821 

During the three and six months ended June 30, 2026, there were no material changes in estimated useful lives of property and equipment during the ordinary course of operations.

The depreciation and amortization expense, excluding amortization of acquisition-related intangibles, recognized in the unaudited consolidated statements of income was as follows:

Three months ended June 30,Six months ended June 30,
2026202520262025
Depreciation and amortization expense$11,346 $10,778 $22,123 $21,089 

Internally developed software costs included in property and equipment were as follows:

As of
June 30, 2026December 31, 2025
Cost$66,051 $59,391 
Less: Accumulated amortization(44,383)(39,332)
Internally developed software, net$21,668 $20,059 

The amortization expense on internally developed software recognized in the unaudited consolidated statements of income was as follows:

Three months ended June 30,Six months ended June 30,
2026202520262025
Amortization expense$2,628 $2,743 $5,051 $5,483 
During the three and six months ended June 30, 2026 and 2025, there were no indicators of impairment related to capitalized software.