Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 8—PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
September 30,
2023		 December 31,
2022
Land and land improvements $ 1,680  1,382 
Building and building improvements 5,763  3,705 
Computer equipment 8,795  9,423 
Leasehold improvements 9,610  10,204 
Purchased software 2,309  4,471 
Furniture and fixtures 4,288  3,553 
Construction in progress 144  648 
Total property and equipment 32,589  33,386 
Less: accumulated depreciation (14,562) (15,854)
Total property and equipment, net $ 18,027  $ 17,532 
The aggregate depreciation expense for property and equipment, net is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations. During the three months ended September 30, 2023 and 2022, depreciation expense was $1.2 million and $1.2 million, respectively, and during the nine months ended September 30, 2023
and 2022, depreciation expense was $4.2 million and $3.1 million, respectively. No impairment charges or material write-offs were recorded for the three and nine months ended September 30, 2023 and 2022.
Property and equipment, net by region consists of the following:
September 30,
2023		 December 31,
2022
United States $ 14,048  $ 12,331 
EMEA(1)(2)
2,667  3,756 
All other countries(2)
1,312  1,445 
Total property and equipment, net $ 18,027  $ 17,532 
(1)Europe, Middle East, and Africa (“EMEA”).
(2)Amounts primarily represent leasehold improvements of local office space and computer equipment.