v3.26.1
Property, Plant and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment  
Property, Plant and Equipment

6.     Property, Plant and Equipment

Property, plant and equipment, net, including equipment under finance lease obligations and capitalized software development costs, consisted of the following:

As of

(in thousands)

June 30, 2026

December 31, 2025

Computers and peripheral equipment

  ​ ​ ​

$

59,061

  ​ ​ ​

$

44,115

Office furniture and equipment

 

6,446

 

6,400

Leasehold improvements

 

39,400

 

39,441

Capitalized software development costs

 

121,210

 

96,019

Less accumulated depreciation and amortization

 

(97,064)

 

(82,691)

Total property, plant and equipment, net

$

129,053

$

103,284

For the three months ended June 30, 2026 and June 30, 2025, total depreciation and amortization expense related to property, plant and equipment was $10.2 million and $6.6 million, respectively. For the six months ended June 30, 2026 and June 30, 2025, total depreciation and amortization expense related to property, plant and equipment was $18.9 million and $11.8 million, respectively.

Property and equipment under finance lease obligations, consisting of computer equipment, totaled $45.9 million and $31.6 million as of June 30, 2026 and December 31, 2025, respectively. As of June 30, 2026 and December 31, 2025, accumulated depreciation related to property and equipment under finance lease obligations totaled $19.0 million and $20.9 million, respectively. Refer to Note 7 for further information.

There were no impairments of Property, plant and equipment identified during the six months ended June 30, 2026 or June 30, 2025.