Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
December 31,
2023 2022
(in thousands)
Computer equipment and purchased software $ 21,491  $ 28,616 
Equipment 762  723 
Furniture and fixtures 2,003  2,207 
Leasehold improvements 4,094  3,421 
Construction in progress 407  445 
Total 28,757  35,412 
Less: Accumulated depreciation and amortization (22,364) (26,367)
Total property and equipment, net $ 6,393  $ 9,045 
During the year ended December 31, 2023 and December 31, 2022, the Company wrote-off $10.4 million and $43.5 million respectively 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.
Depreciation and amortization expense for the years ended December 31, 2023, 2022, and 2021 was $5.1 million, $4.9 million, and $11.3 million, respectively. Loss on disposal for the years ended December 31, 2023, 2022, and 2021 was $0.3 million, $0.4 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 years ended December 31, 2023 as part of the restructuring, and December 31, 2021.