Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 9—PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
December 31,
2024		 December 31,
2023
Land and land improvements $ 1,680  $ 1,680 
Building and building improvements 5,890  6,046 
Computer equipment 9,288  9,021 
Leasehold improvements 10,964  9,811 
Purchased software 704  2,115 
Furniture and fixtures 3,812  4,331 
Construction in progress —  460 
Total property and equipment 32,338  33,464 
Less: accumulated depreciation (16,220) (15,915)
Total property and equipment, net $ 16,118  $ 17,549 
The aggregate depreciation expense for property and equipment, net is reflected in “Depreciation and amortization” in the Consolidated Statements of Operations. During the years ended December 31, 2024 and 2023, depreciation expense was $4.9 million and $5.5 million, respectively. Impairment charges or material write-offs were $0.4 million for the year ended December 31, 2024, and there was none recorded for the year ended December 31, 2023.
Property and equipment, net by region consists of the following:
December 31,
2024		 December 31,
2023
United States $ 10,947  $ 13,462 
Europe, Middle East, and Africa
 4,059  2,895 
All other regions and countries 1,112  1,192 
Total property and equipment, net $ 16,118  $ 17,549