v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net
9.
Property and Equipment, Net

Property and equipment consisted of the following at June 30, 2026 and December 31, 2025 (in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Useful Life
(years)

Buildings and leasehold improvements

 

$

120,055

 

 

$

118,945

 

 

1-15

Furniture and equipment

 

 

85,478

 

 

 

88,011

 

 

3-10

Computer systems and equipment

 

 

187,791

 

 

 

181,595

 

 

3-10

Construction equipment

 

 

17,592

 

 

 

15,739

 

 

5-7

Construction in progress

 

 

44,652

 

 

 

51,070

 

 

 

 

 

 

455,568

 

 

 

455,360

 

 

 

Accumulated depreciation

 

 

(296,061

)

 

 

(304,299

)

 

 

Property and equipment, net

 

$

159,507

 

 

$

151,061

 

 

 

 

Depreciation expense for the three months ended June 30, 2026 and June 30, 2025 was $10.6 million and $9.5 million, respectively and for the six months ended June 30, 2026 and June 30, 2025 was $20.8 million and $18.6 million, respectively.