| Property and Equipment, Net |
13. Property and Equipment, Net
Property and equipment, net, consisted of the following:
|
|
As of December 31, |
|
|
|
2020 |
|
|
2019 |
|
|
|
(in thousands) |
|
|
Computer hardware and software |
$ |
35,040 |
|
|
$ |
27,528 |
|
|
Leasehold improvements |
|
175,850 |
|
|
|
165,150 |
|
|
Furniture and equipment |
|
74,987 |
|
|
|
85,366 |
|
|
Construction in progress |
|
27,284 |
|
|
|
8,183 |
|
|
Total |
|
313,161 |
|
|
|
286,227 |
|
|
Less: accumulated depreciation and amortization |
|
(134,452 |
) |
|
|
(112,560 |
) |
|
Property and equipment, net |
$ |
178,709 |
|
|
$ |
173,667 |
|
Depreciation and amortization expense on property and equipment was $53.2 million, $53.8 million, and $49.0 million for the years ended December 31, 2020, 2019, and 2018, respectively.
The following table lists property and equipment, net by geographic area:
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2020 |
|
|
2019 |
|
|
|
(in thousands) |
|
|
Property and equipment, net: |
|
|
|
|
|
|
|
|
United States |
$ |
157,596 |
|
|
$ |
153,771 |
|
|
Rest of world (1) |
|
21,113 |
|
|
|
19,896 |
|
|
Total property and equipment, net |
$ |
178,709 |
|
|
$ |
173,667 |
|
|
(1) |
No individual country exceeded 10% of our total property and equipment, net for any period presented. |
|