Property and Equipment |
Property and Equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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September 30, 2023 |
|
March 31, 2023 |
|
|
|
|
|
Computer-related equipment |
|
$ |
3,582 |
|
|
$ |
3,527 |
|
Developed software |
|
78,894 |
|
|
63,891 |
|
Furniture and fixtures |
|
2,027 |
|
|
2,103 |
|
Leasehold improvements |
|
3,641 |
|
|
3,647 |
|
Property and equipment, gross |
|
88,144 |
|
|
73,168 |
|
Accumulated depreciation |
|
(43,213) |
|
|
(33,841) |
|
Property and equipment, net |
|
$ |
44,931 |
|
|
$ |
39,327 |
|
Depreciation expense was $4,529 and $9,584 for the three and six months ended September 30, 2023, respectively, and $3,893 and $7,708 for the three and six months ended September 30, 2022, respectively. Depreciation expense for the three and six months ended September 30, 2023, includes $3,020 and $6,319, respectively, related to internal-use software included in general and administrative expense and $1,509 and $3,265, respectively, related to internally-developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue. Depreciation expense for the three and six months ended September 30, 2022, includes $2,130 and $4,745, respectively, related to internal-use software included in general and administrative expense and $1,763 and $2,963, respectively, related to internally-developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue.
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