Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.21.2
Property and Equipment, net
6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment as of June 30, 2021 and December 31, 2020 consist of the following:
Depreciation Period in Years June 30,
2021
December 31,
2020
Internally developed software 5 $ 32,108  $ 23,545 
Acquired software 3 7,538  7,538 
Equipment 5 19,368  18,210 
Leasehold improvements
1-10
6,893  6,548 
Furniture and fixtures 5 2,213  2,181 
Construction in progress 10,677  7,255 
Total property and equipment, cost 78,797  65,277 
Less: accumulated depreciation (35,227) (30,036)
Total property and equipment, net $ 43,570  $ 35,241 
Depreciation and amortization expense related to property and equipment for three months ended June 30, 2021 and 2020, was $2,657 and $2,325, respectively. For the six months ended June 30, 2021 and 2020, it was approximately $5,191 and $4,615, respectively. During the six months ended June 30, 2021 and 2020, $8,563 and $2,631 was capitalized in connection with internally developed software. Amortization expense was $1,255 and $877 for the three months ended June 30, 2021 and 2020, respectively. Amortization expense was $2,385 and $1,696 for the six months ended June 30, 2021 and 2020, respectively.