v3.26.3
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net
9.
Property and Equipment, Net

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

 

 

 

September 30, 2026

 

 

December 31, 2025

 

 

Useful Life
(years)

Buildings and leasehold improvements

 

$

109,322

 

 

$

118,945

 

 

1-15

Furniture and equipment

 

 

78,408

 

 

 

88,011

 

 

3-10

Computer systems and equipment

 

 

187,655

 

 

 

181,595

 

 

3-10

Construction equipment

 

 

19,450

 

 

 

15,739

 

 

5-7

Construction in progress

 

 

51,345

 

 

 

51,070

 

 

 

 

 

 

446,180

 

 

 

455,360

 

 

 

Accumulated depreciation

 

 

(277,894

)

 

 

(304,299

)

 

 

Property and equipment, net

 

$

168,286

 

 

$

151,061

 

 

 

 

Depreciation expense for the three months ended September 30, 2026 and September 30, 2025 was $10.7 million and $9.5 million, respectively and for the nine months ended September 30, 2026 and September 30, 2025 was $31.5 million and $28.1 million, respectively.