Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.22.4
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
December 31,
2022 2021
(in thousands)
Computer equipment and purchased software $ 28,616  $ 59,326 
Equipment 723  3,301 
Furniture and fixtures 2,207  6,089 
Leasehold improvements 3,421  7,800 
Construction in progress 445  711 
Total 35,412  77,227 
Less: Accumulated depreciation and amortization (26,367) (66,100)
Total property and equipment, net $ 9,045  $ 11,127 
During the year ended December 31, 2022, the Company wrote-off $43.5 million of property and equipment that was no longer in use. The property and equipment that was disposed consisted primarily of assets that were fully depreciated. The Company recorded a loss on asset disposal of $0.4 million related to the disposed assets.
Depreciation and amortization expense for the years ended December 31, 2022, 2021, and 2020 was $4.9 million, $11.3 million, and $12.0 million, respectively. Loss on disposal for the years ended December 31, 2022, 2021, and 2020 was $0.4 million, $0.1 million, and $0.1 million respectively, which is included in other expense in the consolidated statements of operations. Depreciation expense includes the impact of accelerated depreciation for reductions in the estimated useful lives of certain facilities the Company exited during the year ended December 31, 2021.