Property and Equipment |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment | Property and Equipment Property and equipment is summarized as follows (in thousands):
Depreciation and amortization expense related to property and equipment was $10.9 million and $10.9 million for the three months ended June 30, 2026 and 2025, respectively, and $21.8 million and $21.5 million for the six months ended June 30, 2026 and 2025, respectively. Cost of revenues included depreciation and amortization expense of $10.6 million and $10.6 million for the three months ended June 30, 2026 and 2025, respectively, and $21.2 million and $20.9 million for the six months ended June 30, 2026 and 2025, respectively. General and administrative expense included depreciation and amortization expense of $0.3 million and $0.3 million for the three months ended June 30, 2026 and 2025, respectively, and $0.5 million and $0.6 million for the six months ended June 30, 2026 and 2025, Depreciation and amortization expense is included in cost of revenue and general and administrative expense in the Consolidated Statements of Operations based on the nature of the asset being depreciated. Capitalized Internal-Use Software The Company capitalized costs related to the development of internal-use software of $10.1 million and $11.3 million for the three months ended June 30, 2026 and 2025, respectively, and $20.6 million and $20.3 million for the six months ended June 30, 2026 and 2025, respectively. Capitalized amounts are included as a component of property and equipment under computer equipment and software on the Consolidated Balance Sheets. The portion of total depreciation expense related to capitalized internal-use software was $10.4 million and $10.3 million for the three months ended June 30, 2026 and 2025, respectively, and $20.8 million and $20.4 million for the six months ended June 30, 2026 and 2025, respectively. Depreciation expense related to capitalized internal-use software is included in cost of revenue in the Consolidated Statements of Operations. As of June 30, 2026 and December 31, 2025, the Company had capitalized internal-use software of $57.6 million and $57.7 million, respectively, net of accumulated depreciation, which was included in property and equipment, net.
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