Thryv Holdings, Inc. PP&E Disclosure
| Estimated Useful Lives | |||||
| Buildings and building improvements | 8 - 30 years | ||||
Leasehold improvements (1) | 1 - 8 years | ||||
| Computer and data processing equipment | 3 years | ||||
| Furniture and fixtures | 7 years | ||||
| Capitalized software | 1.5 - 5 years | ||||
| Other | 3 - 7 years | ||||
| December 31, | |||||||||||
| (in thousands) | 2025 | 2024 | |||||||||
| Capitalized software | $ | 196,580 | $ | 187,721 | |||||||
| Computer and data processing equipment | 28,554 | 36,224 | |||||||||
| Finance lease asset | 5,798 | — | |||||||||
| Other | 1,124 | 1,268 | |||||||||
| Fixed assets and capitalized software | $ | 232,056 | $ | 225,213 | |||||||
| Less: accumulated depreciation and amortization | 181,171 | 180,735 | |||||||||
| Total fixed assets and capitalized software, net | $ | 50,885 | $ | 44,478 | |||||||
| Years Ended December 31, | |||||||||||||||||
| (in thousands) | 2025 | 2024 | 2023 | ||||||||||||||
| Amortization of capitalized software | $ | 25,955 | $ | 30,905 | $ | 30,087 | |||||||||||
| Depreciation of fixed assets | 5,124 | 5,888 | 7,709 | ||||||||||||||
| Total depreciation and amortization expense | $ | 31,079 | $ | 36,793 | $ | 37,796 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2020 | Mar 25, 2021 | |
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.