| Property and Equipment, Net |
11. Property and Equipment, Net
Property and equipment, net, consisted of the following:
|
|
|
As of December 31, |
|
|
|
|
2017 |
|
|
2018 |
|
|
|
|
(in thousands) |
|
|
Computer hardware and software |
|
$ |
28,685 |
|
|
$ |
27,920 |
|
|
Buildings |
|
|
59,530 |
|
|
|
54,050 |
|
|
Leasehold improvements |
|
|
52,252 |
|
|
|
107,265 |
|
|
Land |
|
|
4,630 |
|
|
|
— |
|
|
Furniture and equipment |
|
|
49,587 |
|
|
|
75,570 |
|
|
Construction in progress |
|
|
9,841 |
|
|
|
14,751 |
|
|
Total |
|
|
204,525 |
|
|
|
279,556 |
|
|
Less: accumulated depreciation and amortization |
|
|
(37,763 |
) |
|
|
(66,996 |
) |
|
Property and equipment, net |
|
$ |
166,762 |
|
|
$ |
212,560 |
|
Depreciation and amortization expense on property and equipment was $49.0 million, $29.8 million, and $12.9 million for the years ended December 31, 2018, 2017, and 2016, respectively.
The following table lists property and equipment, net by geographic area:
|
|
|
As of December 31, |
|
|
|
|
2017 |
|
|
2018 |
|
|
|
|
(in thousands) |
|
|
Property and equipment, net: |
|
|
|
|
|
|
|
|
|
United States |
|
$ |
146,862 |
|
|
$ |
190,412 |
|
|
Rest of world (1) |
|
|
19,900 |
|
|
|
22,148 |
|
|
Total property and equipment, net |
|
$ |
166,762 |
|
|
$ |
212,560 |
|
|
(1) |
No individual country exceeded 10% of our total property and equipment, net for any period presented. |
|