| Property and Equipment, Net |
14. Property and Equipment, Net
Property and equipment, net, consisted of the following:
|
|
As of December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
|
Computer hardware and software |
$ |
51,984 |
|
|
$ |
35,040 |
|
|
Leasehold improvements |
|
203,124 |
|
|
|
175,850 |
|
|
Furniture and equipment |
|
78,492 |
|
|
|
74,987 |
|
|
Construction in progress |
|
44,304 |
|
|
|
27,284 |
|
|
Total |
|
377,904 |
|
|
|
313,161 |
|
|
Less: accumulated depreciation and amortization |
|
(175,260 |
) |
|
|
(134,452 |
) |
|
Property and equipment, net |
$ |
202,644 |
|
|
$ |
178,709 |
|
Depreciation and amortization expense on property and equipment was $55.9 million, $53.2 million, and $53.8 million for the years ended December 31, 2021, 2020, and 2019, respectively.
The following table lists property and equipment, net by geographic area:
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
|
Property and equipment, net: |
|
|
|
|
|
|
|
|
United States |
$ |
174,826 |
|
|
$ |
157,596 |
|
|
Rest of world (1) |
|
27,818 |
|
|
|
21,113 |
|
|
Total property and equipment, net |
$ |
202,644 |
|
|
$ |
178,709 |
|
|
|
(1) |
No individual country exceeded 10% of our total property and equipment, net for any period presented. |
|