| Composition of Certain Financial Statement Captions |
NOTE 3 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS Prepaid expenses and other current assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Prepaid expenses |
|
$ |
15,794 |
|
|
$ |
12,874 |
|
Prepaid income taxes |
|
|
6,873 |
|
|
|
7,401 |
|
Prepaid other taxes |
|
|
2,459 |
|
|
|
2,791 |
|
Other |
|
|
1,730 |
|
|
|
565 |
|
Total |
|
$ |
26,856 |
|
|
$ |
23,631 |
|
Property and equipment, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Computer equipment and software |
|
$ |
55,347 |
|
|
$ |
54,840 |
|
Capitalized internal-use software |
|
|
49,024 |
|
|
|
38,699 |
|
Office equipment and furniture |
|
|
10,465 |
|
|
|
10,470 |
|
Building |
|
|
17,888 |
|
|
|
17,876 |
|
Land |
|
|
5,300 |
|
|
|
5,300 |
|
Leasehold improvements |
|
|
10,620 |
|
|
|
10,810 |
|
Construction in progress |
|
|
1,659 |
|
|
|
1,325 |
|
Total property and equipment |
|
|
150,303 |
|
|
|
139,320 |
|
Less: accumulated depreciation and amortization(1) |
|
|
(95,314 |
) |
|
|
(87,394 |
) |
Property and equipment, net |
|
$ |
54,989 |
|
|
$ |
51,926 |
|
(1)Includes $16.7 million and $11.3 million as of June 30, 2026 and December 31, 2025, respectively, of accumulated amortization associated with capitalized internal-use software. The following table summarizes the capitalization and amortization of internal-use software for the three and six months ended June 30, 2026 and 2025 (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Costs capitalized associated with internal-use software |
|
$ |
6,534 |
|
|
$ |
4,081 |
|
|
$ |
10,325 |
|
|
$ |
7,525 |
|
Amortization of capitalized internal-use software |
|
$ |
2,565 |
|
|
$ |
1,895 |
|
|
$ |
5,399 |
|
|
$ |
3,243 |
|
Accrued liabilities consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Employee compensation and benefits |
|
$ |
26,889 |
|
|
$ |
38,125 |
|
Accrued income taxes |
|
|
15,493 |
|
|
|
5,913 |
|
Accrued expenses |
|
|
15,278 |
|
|
|
15,718 |
|
Current portion of operating lease liabilities |
|
|
7,513 |
|
|
|
8,858 |
|
Accrued royalties to third-parties |
|
|
4,208 |
|
|
|
3,300 |
|
Accrued rebates and other payments to customers |
|
|
2,834 |
|
|
|
3,914 |
|
Accrued revenue share |
|
|
4,338 |
|
|
|
4,186 |
|
Accrued other taxes |
|
|
1,942 |
|
|
|
1,889 |
|
Derivative liability associated with foreign exchange contracts |
|
|
2,284 |
|
|
|
257 |
|
Current portion of contingent consideration from acquisition |
|
|
1,521 |
|
|
|
— |
|
Total |
|
$ |
82,300 |
|
|
$ |
82,160 |
|
|