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, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 9—PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
September 30,
2024		 December 31,
2023
Land and land improvements $ 1,680  1,680 
Building and building improvements 5,890  6,046 
Computer equipment 9,565  9,021 
Leasehold improvements 11,248  9,811 
Purchased software 1,486  2,115 
Furniture and fixtures 3,872  4,331 
Construction in progress 23  460 
Total property and equipment 33,764  33,464 
Less: accumulated depreciation (16,232) (15,915)
Total property and equipment, net $ 17,532  $ 17,549 
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, 2024 and 2023, depreciation expense was $1.2 million and $1.2 million, respectively and during the nine months ended September 30, 2024 and 2023, depreciation expense was $3.7 million and $4.2 million, respectively. There were no material impairment charges or material write-offs recorded for the three and nine months ended September 30, 2024 and 2023.
Property and equipment, net by region consists of the following:
September 30,
2024		 December 31,
2023
United States $ 11,699  $ 13,462 
Europe, Middle East, and Africa
 4,566  2,895 
All other countries 1,267  1,192 
Total property and equipment, net $ 17,532  $ 17,549