The following summarizes the estimated useful lives by asset classification:
Computer hardware
3 years
Computer software
1 year
Furniture and equipment
3 - 7 years
Internal-use software development costs
5 years
Leasehold improvementsShorter of useful life or remaining lease term
The following summarizes our property and equipment (in thousands):
December 31,
20252024
Computer hardware$16,025 $14,734 
Furniture and equipment965 983 
Internal-use software development costs268,128 235,831 
Leasehold improvements1,441 1,479 
Total property and equipment286,559 253,027 
Accumulated depreciation expense(205,774)(179,876)
Total property and equipment, net$80,785 $73,151 
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Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2019Mar 2, 2020
2017Mar 1, 2018
2016Mar 3, 2017

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.