Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.22.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
December 31,
2021 2020
(in thousands)
Computer equipment and purchased software $ 59,326  $ 53,102 
Equipment 3,301  2,965 
Furniture and fixtures 6,089  6,052 
Leasehold improvements 7,800  7,482 
Construction in progress 711  875 
Total 77,227  70,476 
Less: Accumulated depreciation and amortization (66,100) (52,990)
Total property and equipment, net $ 11,127  $ 17,486 
The Company is contractually obligated, under certain of its lease agreements, to restore certain office facilities back to their original condition. Asset retirement obligations were not material to the consolidated balance sheets as of December 31, 2021 or 2020.
Depreciation and amortization expense for the years ended December 31, 2021, 2020, and 2019 was $11.3 million, $12.0 million, and $14.3 million, respectively. Loss on disposal for the years ended December 31, 2021, 2020, and 2019 was $0.1 million, $0.1 million, and $1.6 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.